Caterpillar Inc. (NYSE:CAT) Shares Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,152 shares of the industrial products company’s stock after purchasing an additional 156 shares during the quarter. Caterpillar accounts for about 2.4% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 20th largest holding. Regency Capital Management Inc. DE’s holdings in Caterpillar were worth $4,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Richardson Financial Services Inc. acquired a new stake in Caterpillar in the fourth quarter valued at approximately $27,000. Thompson Investment Management Inc. acquired a new stake in Caterpillar in the first quarter valued at approximately $27,000. Bbjs Financial Advisors LLC acquired a new stake in Caterpillar in the second quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new stake in Caterpillar in the second quarter valued at approximately $28,000. Finally, Fairman Group LLC acquired a new stake in Caterpillar in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, 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 is available through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 7,668 shares of company stock worth $2,665,760 in the last quarter. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. Citigroup initiated coverage on Caterpillar in a research note on Wednesday, June 26th. They set a “buy” rating and a $380.00 target price for the company. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI reduced their target price on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Barclays raised their price objective on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Finally, Truist Financial restated a “buy” rating and set a $399.00 price objective (up from $390.00) on shares of Caterpillar in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $339.94.

Caterpillar Price Performance

NYSE:CAT traded up $6.00 during mid-day trading on Friday, reaching $397.09. 1,674,452 shares of the stock were exchanged, compared to its average volume of 2,668,223. The business has a fifty day moving average price of $350.59 and a 200 day moving average price of $347.78. The firm has a market capitalization of $194.20 billion, a PE ratio of 17.66, a PEG ratio of 1.73 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $223.76 and a 1-year high of $397.46. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. Caterpillar’s revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.55 earnings per share. Research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar announced that its Board of Directors has approved a share buyback program on Wednesday, June 12th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the industrial products company to purchase up to 12.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Caterpillar Profile

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.