Tompkins Financial Corp Has $790,000 Position in Caterpillar Inc. (NYSE:CAT)

Tompkins Financial Corp lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 11.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,019 shares of the industrial products company’s stock after selling 250 shares during the quarter. Tompkins Financial Corp’s holdings in Caterpillar were worth $790,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Scott & Selber Inc. acquired a new position in shares of Caterpillar in the third quarter valued at approximately $215,000. Carmel Capital Partners LLC grew its holdings in Caterpillar by 6.5% in the 3rd quarter. Carmel Capital Partners LLC now owns 1,032 shares of the industrial products company’s stock valued at $404,000 after buying an additional 63 shares in the last quarter. Bridges Investment Management Inc. increased its position in Caterpillar by 3.1% during the 3rd quarter. Bridges Investment Management Inc. now owns 5,881 shares of the industrial products company’s stock worth $2,300,000 after buying an additional 176 shares during the period. Assetmark Inc. lifted its holdings in shares of Caterpillar by 5.3% during the third quarter. Assetmark Inc. now owns 16,773 shares of the industrial products company’s stock worth $6,560,000 after buying an additional 841 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Caterpillar by 11.5% in the third quarter. Verdence Capital Advisors LLC now owns 8,472 shares of the industrial products company’s stock valued at $3,314,000 after acquiring an additional 877 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now owns 4,976 shares in the company, valued at approximately $2,079,968. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. 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 90 days. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 3.6 %

CAT stock traded down $14.84 during trading on Friday, reaching $393.37. 3,345,862 shares of the stock were exchanged, compared to its average volume of 2,631,940. The firm has a market cap of $190.74 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The firm’s 50 day moving average is $376.80 and its 200 day moving average is $352.75. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a twelve month low of $233.82 and a twelve month high of $418.50.

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 the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company 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 earned $5.52 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Caterpillar Inc. will post 21.77 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Analyst Ratings Changes

Several brokerages have weighed in on CAT. Bank of America lifted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Barclays boosted their price target on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Citigroup lowered their price objective on Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. UBS Group increased their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Finally, Truist Financial boosted their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three 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. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $362.40.

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.