Caterpillar Inc. (NYSE:CAT) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in Caterpillar Inc. (NYSE:CAT) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,821 shares of the industrial products company’s stock after selling 2,200 shares during the period. Janus Henderson Group PLC’s holdings in Caterpillar were worth $24,956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bbjs Financial Advisors LLC acquired a new stake in Caterpillar in the second quarter valued at $28,000. Financial Connections Group Inc. purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $28,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth about $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar during the third quarter worth approximately $36,000. Finally, POM Investment Strategies LLC boosted its holdings in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $395.03 on Friday. The company has a market cap of $190.72 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.97 and a beta of 1.10. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a 50 day moving average of $392.84 and a 200-day moving average of $359.16. Caterpillar Inc. has a 12-month low of $255.81 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the previous year, the firm posted $5.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. Bank of America boosted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday. Truist Financial lifted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Citigroup cut their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $372.19.

Insider Activity

In other news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,868 shares of company stock worth $9,679,489 over the last ninety days. 0.29% of the stock is currently owned by insiders.

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.