Alan B Lancz & Associates Inc. Sells 200 Shares of Caterpillar Inc. (NYSE:CAT)

Alan B Lancz & Associates Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 14.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,150 shares of the industrial products company’s stock after selling 200 shares during the period. Alan B Lancz & Associates Inc.’s holdings in Caterpillar were worth $450,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Caterpillar in the first quarter worth about $433,000. Sei Investments Co. lifted its holdings in Caterpillar by 14.1% in the 1st quarter. Sei Investments Co. now owns 114,337 shares of the industrial products company’s stock worth $41,899,000 after purchasing an additional 14,121 shares in the last quarter. Choate Investment Advisors grew its holdings in Caterpillar by 43.6% during the 1st quarter. Choate Investment Advisors now owns 8,720 shares of the industrial products company’s stock valued at $3,195,000 after buying an additional 2,649 shares in the last quarter. NorthRock Partners LLC raised its position in shares of Caterpillar by 6.6% during the first quarter. NorthRock Partners LLC now owns 5,851 shares of the industrial products company’s stock valued at $2,144,000 after buying an additional 364 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Caterpillar by 6.5% in the first quarter. Meeder Asset Management Inc. now owns 1,100 shares of the industrial products company’s stock worth $403,000 after buying an additional 67 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAT. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Truist Financial lifted their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI lowered their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $362.40.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $393.37 on Friday. The company has a market capitalization of $190.75 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 2.06 and a beta of 1.10. The firm’s 50-day moving average is $376.80 and its 200 day moving average is $352.75. Caterpillar Inc. has a 12 month low of $233.82 and a 12 month high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.52 EPS. Research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar’s payout ratio is currently 26.15%.

Insider Buying and Selling at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now owns 15,615 shares of the company’s stock, valued at $5,347,825.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock valued at $9,251,912 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.