EverSource Wealth Advisors LLC Sells 131 Shares of Caterpillar Inc. (NYSE:CAT)

EverSource Wealth Advisors LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,836 shares of the industrial products company’s stock after selling 131 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Caterpillar were worth $1,500,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. EagleClaw Capital Managment LLC raised its holdings in Caterpillar by 4.7% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 16,900 shares of the industrial products company’s stock worth $6,610,000 after purchasing an additional 760 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Caterpillar in the 3rd quarter valued at $176,000. Commerce Bank grew its position in Caterpillar by 8.8% in the 3rd quarter. Commerce Bank now owns 142,698 shares of the industrial products company’s stock valued at $55,812,000 after purchasing an additional 11,498 shares during the period. Prospera Private Wealth LLC bought a new position in Caterpillar during the 3rd quarter valued at $7,288,000. Finally, West Family Investments Inc. lifted its stake in Caterpillar by 10.5% during the 3rd quarter. West Family Investments Inc. now owns 1,701 shares of the industrial products company’s stock valued at $665,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction dated 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 owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This represents a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now owns 4,976 shares in the company, valued at $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,774 shares of company stock valued at $8,233,034. 0.29% of the stock is owned by company insiders.

Caterpillar Trading Down 0.2 %

Caterpillar stock opened at $381.44 on Thursday. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. The business’s fifty day moving average is $383.83 and its 200 day moving average is $355.03. 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 stock has a market capitalization of $184.16 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its 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). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the company posted $5.52 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Monday, October 21st. Caterpillar’s dividend payout ratio is 26.15%.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent analyst reports. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Robert W. Baird boosted their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Finally, Citigroup decreased their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $365.33.

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.