Caprock Group LLC Grows Holdings in Caterpillar Inc. (NYSE:CAT)

Caprock Group LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,937 shares of the industrial products company’s stock after purchasing an additional 1,661 shares during the period. Caprock Group LLC’s holdings in Caterpillar were worth $5,060,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. OneAscent Wealth Management LLC acquired a new position in Caterpillar in the 3rd quarter valued at about $743,000. Aviso Wealth Management increased its holdings in shares of Caterpillar by 113.2% in the third quarter. Aviso Wealth Management now owns 2,034 shares of the industrial products company’s stock valued at $795,000 after purchasing an additional 1,080 shares during the period. Braun Stacey Associates Inc. lifted its holdings in shares of Caterpillar by 2,277.1% during the third quarter. Braun Stacey Associates Inc. now owns 33,874 shares of the industrial products company’s stock worth $13,249,000 after purchasing an additional 32,449 shares during the period. Richard C. Young & CO. LTD. increased its stake in Caterpillar by 0.4% in the 3rd quarter. Richard C. Young & CO. LTD. now owns 56,791 shares of the industrial products company’s stock valued at $22,212,000 after buying an additional 232 shares during the period. Finally, Aljian Capital Management LLC increased its stake in shares of Caterpillar by 168.7% during the third quarter. Aljian Capital Management LLC now owns 5,911 shares of the industrial products company’s stock worth $2,312,000 after acquiring an additional 3,711 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the sale, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,749 shares of company stock valued at $9,251,912. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CAT shares. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Truist Financial lifted their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and lifted their target price for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $365.33.

Caterpillar Stock Up 0.1 %

NYSE CAT opened at $384.53 on Tuesday. The company has a market capitalization of $185.65 billion, a P/E ratio of 17.83, a PEG ratio of 1.90 and a beta of 1.10. Caterpillar Inc. has a 12 month low of $241.81 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company’s 50 day simple moving average is $381.86 and its 200 day simple moving average is $354.37.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS 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 analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $5.52 EPS. Equities research analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.47%. Caterpillar’s dividend payout ratio is currently 26.15%.

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.