Caterpillar Inc. (NYSE:CAT) is Physicians Financial Services Inc.’s 9th Largest Position

Physicians Financial Services Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,984 shares of the industrial products company’s stock after selling 555 shares during the quarter. Caterpillar makes up 2.2% of Physicians Financial Services Inc.’s portfolio, making the stock its 9th biggest holding. Physicians Financial Services Inc.’s holdings in Caterpillar were worth $7,034,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bbjs Financial Advisors LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. acquired a new position in shares of Caterpillar in the second quarter worth $28,000. Fairscale Capital LLC purchased a new stake in shares of Caterpillar in the second quarter valued at $36,000. POM Investment Strategies LLC boosted its stake in shares of Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 108 shares during the last quarter. Finally, TruNorth Capital Management LLC increased its position in Caterpillar by 215.4% during the 2nd quarter. TruNorth Capital Management LLC now owns 123 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm’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 directly owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm’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 transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,092 shares of company stock worth $4,059,378. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 2.7 %

CAT traded down $11.00 during trading hours on Friday, reaching $397.21. 747,440 shares of the stock traded hands, compared to its average volume of 2,619,499. Caterpillar Inc. has a fifty-two week low of $233.82 and a fifty-two week high of $418.50. The company has a market cap of $192.61 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.85 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 firm’s fifty day simple moving average is $376.06 and its two-hundred day simple moving average is $352.50.

Caterpillar (NYSE:CAT) last announced its 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 for the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 21.77 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business 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 dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CAT shares. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. UBS Group boosted their price target on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday. Citigroup lowered their price objective on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Barclays raised their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Finally, Truist Financial increased their price target on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $358.19.

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.