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

Claro Advisors LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,754 shares of the industrial products company’s stock after purchasing an additional 135 shares during the period. Claro Advisors LLC’s holdings in Caterpillar were worth $686,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CAT. Acadian Asset Management LLC boosted its position in shares of Caterpillar by 17.2% during the 1st quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company’s stock valued at $3,308,000 after purchasing an additional 1,327 shares in the last quarter. Trustmark National Bank Trust Department boosted its position in shares of Caterpillar by 18.8% during the 1st quarter. Trustmark National Bank Trust Department now owns 4,409 shares of the industrial products company’s stock valued at $1,616,000 after purchasing an additional 699 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in shares of Caterpillar by 141.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 9,800 shares of the industrial products company’s stock valued at $3,591,000 after purchasing an additional 5,744 shares in the last quarter. Hilltop Partners LLC bought a new position in shares of Caterpillar during the 1st quarter valued at about $222,000. Finally, Capitolis Liquid Global Markets LLC acquired a new position in shares of Caterpillar in the first quarter worth about $34,811,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $384.07 on Monday. The firm has a market cap of $185.43 billion, a PE ratio of 17.81, a PEG ratio of 1.90 and a beta of 1.10. The firm’s 50 day moving average price is $381.86 and its 200 day moving average price 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 twelve month low of $241.81 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS 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 business earned $5.52 EPS. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors 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 yield of 1.47%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Insiders Place Their Bets

In other news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the business’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 sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,749 shares of company stock worth $9,251,912 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CAT shares. Truist Financial raised their target price on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. 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 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 report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus price target of $365.33.

About Caterpillar

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.