Carrera Capital Advisors Sells 482 Shares of Caterpillar Inc. (NYSE:CAT)

Carrera Capital Advisors cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 28.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,208 shares of the industrial products company’s stock after selling 482 shares during the period. Carrera Capital Advisors’ holdings in Caterpillar were worth $472,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Caterpillar in the first quarter worth $433,000. Sei Investments Co. boosted its holdings in shares of Caterpillar by 14.1% in the first quarter. Sei Investments Co. now owns 114,337 shares of the industrial products company’s stock valued at $41,899,000 after purchasing an additional 14,121 shares during the period. Headlands Technologies LLC grew its stake in Caterpillar by 10.6% in the first quarter. Headlands Technologies LLC now owns 982 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 94 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Caterpillar by 13.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 17,249 shares of the industrial products company’s stock valued at $6,320,000 after purchasing an additional 1,981 shares in the last quarter. Finally, Rogco LP grew its position in shares of Caterpillar by 2.8% during the 1st quarter. Rogco LP now owns 3,083 shares of the industrial products company’s stock worth $1,130,000 after buying an additional 85 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAT. Robert W. Baird lifted their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Truist Financial upped their price target on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group lifted their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Bank of America increased their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Barclays upped 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. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $362.40.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $3.53 during mid-day trading on Tuesday, hitting $393.01. The stock had a trading volume of 473,187 shares, compared to its average volume of 2,618,567. The firm has a market cap of $189.75 billion, a PE ratio of 18.40, a PEG ratio of 1.94 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a 50 day moving average of $377.62 and a two-hundred day moving average of $353.01. Caterpillar Inc. has a twelve month low of $238.88 and a twelve month high of $418.50.

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). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the prior year, the company posted $5.52 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed 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. This represents a $5.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the stock in a transaction on 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 owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This 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 over the last 90 days. Insiders own 0.29% of the company’s stock.

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.