SYM FINANCIAL Corp Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

SYM FINANCIAL Corp raised its holdings in Caterpillar Inc. (NYSE:CAT) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 876 shares of the industrial products company’s stock after acquiring an additional 58 shares during the period. SYM FINANCIAL Corp’s holdings in Caterpillar were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Safe Harbor Fiduciary LLC purchased a new position in shares of Caterpillar in the third quarter worth about $304,000. Quantinno Capital Management LP increased its stake in shares of Caterpillar by 70.3% in the third quarter. Quantinno Capital Management LP now owns 69,858 shares of the industrial products company’s stock worth $27,323,000 after purchasing an additional 28,826 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Caterpillar by 11.1% in the third quarter. Royal London Asset Management Ltd. now owns 255,485 shares of the industrial products company’s stock valued at $99,925,000 after acquiring an additional 25,568 shares during the period. Reynders McVeigh Capital Management LLC boosted its position in shares of Caterpillar by 9.2% in the third quarter. Reynders McVeigh Capital Management LLC now owns 2,356 shares of the industrial products company’s stock valued at $922,000 after acquiring an additional 199 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of Caterpillar in the third quarter valued at approximately $139,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

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

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their price objective for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. Truist Financial raised 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. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Citigroup dropped their target price 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average target price of $365.33.

Caterpillar Stock Performance

CAT stock opened at $399.51 on Thursday. The company has a market capitalization of $192.88 billion, a P/E ratio of 18.52, a PEG ratio of 1.97 and a beta of 1.10. 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 business has a 50-day moving average price of $392.68 and a 200 day moving average price of $358.68. Caterpillar Inc. has a 1-year low of $253.78 and a 1-year high of $418.50.

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

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were given a $1.41 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.41%. Caterpillar’s dividend payout ratio is presently 26.15%.

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.