Caterpillar Inc. (NYSE:CAT) Shares Bought by Claro Advisors LLC

Claro Advisors LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,754 shares of the industrial products company’s stock after acquiring an additional 135 shares during the period. Claro Advisors LLC’s holdings in Caterpillar were worth $686,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Concord Asset Management LLC VA increased its position in shares of Caterpillar by 14.3% in the third quarter. Concord Asset Management LLC VA now owns 6,359 shares of the industrial products company’s stock worth $2,487,000 after acquiring an additional 795 shares in the last quarter. Adero Partners LLC increased its position in shares of Caterpillar by 12.9% in the third quarter. Adero Partners LLC now owns 786 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 90 shares in the last quarter. Atlanta Consulting Group Advisors LLC increased its position in shares of Caterpillar by 32.3% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 3,053 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 745 shares in the last quarter. Schear Investment Advisers LLC increased its position in shares of Caterpillar by 10.8% in the third quarter. Schear Investment Advisers LLC now owns 6,628 shares of the industrial products company’s stock worth $2,592,000 after acquiring an additional 647 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its position in shares of Caterpillar by 31.1% in the third quarter. Seizert Capital Partners LLC now owns 12,084 shares of the industrial products company’s stock worth $4,726,000 after acquiring an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and upped their target price for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Citigroup decreased their target price on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $365.33.

Caterpillar Trading Down 0.8 %

Caterpillar stock opened at $384.07 on Monday. The firm’s 50-day moving average is $381.86 and its 200-day moving average is $354.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a 1 year low of $241.81 and a 1 year high of $418.50. The company has a market cap of $185.43 billion, a P/E ratio of 17.81, a PEG ratio of 1.90 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (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 business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the business posted $5.52 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given 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 1.47%. Caterpillar’s payout ratio is currently 26.15%.

Insider Buying and Selling

In related news, insider Lange Bob De sold 12,657 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the sale, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the 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 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,749 shares of company stock valued at $9,251,912 in the last quarter. Company 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.