Caterpillar Inc. (NYSE:CAT) Shares Acquired by Creative Planning

Creative Planning increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,915 shares of the industrial products company’s stock after acquiring an additional 3,772 shares during the quarter. Creative Planning’s holdings in Caterpillar were worth $89,142,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. CX Institutional increased its stake in shares of Caterpillar by 872.0% during the 3rd quarter. CX Institutional now owns 26,788 shares of the industrial products company’s stock valued at $10,477,000 after acquiring an additional 24,032 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Caterpillar by 15.9% during the third quarter. Sivia Capital Partners LLC now owns 1,108 shares of the industrial products company’s stock worth $434,000 after purchasing an additional 152 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Caterpillar by 26.4% during the 3rd quarter. Fiduciary Alliance LLC now owns 1,187 shares of the industrial products company’s stock valued at $464,000 after buying an additional 248 shares during the period. Empirical Asset Management LLC increased its holdings in shares of Caterpillar by 3.4% during the 3rd quarter. Empirical Asset Management LLC now owns 1,373 shares of the industrial products company’s stock worth $537,000 after buying an additional 45 shares during the last quarter. Finally, Cherrydale Wealth Management LLC purchased a new position in shares of Caterpillar in the 3rd quarter worth $226,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CAT. JPMorgan Chase & Co. upped their price target on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Truist Financial raised their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James initiated coverage on shares of Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating for the company. UBS Group lifted their target price on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a report on Wednesday, August 7th. Finally, Citigroup raised their price objective on Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $355.50.

Caterpillar Trading Down 0.2 %

CAT opened at $393.86 on Friday. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $403.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market capitalization of $192.62 billion, a PE ratio of 17.78, a P/E/G ratio of 1.85 and a beta of 1.10. The firm’s fifty day moving average price is $363.86 and its 200 day moving average price is $350.34.

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

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

Insider Activity at Caterpillar

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through 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 shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Wednesday, September 4th. The shares were bought at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company 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.