Counterweight Ventures LLC Has $1.54 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Counterweight Ventures LLC lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 21.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,932 shares of the industrial products company’s stock after selling 1,065 shares during the quarter. Counterweight Ventures LLC’s holdings in Caterpillar were worth $1,538,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Bbjs Financial Advisors LLC acquired a new position in shares of Caterpillar during the second quarter valued at about $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the second quarter valued at about $28,000. Fairscale Capital LLC acquired a new position in Caterpillar in the 2nd quarter valued at approximately $36,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $36,000. Finally, POM Investment Strategies LLC grew its holdings in shares of Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CAT shares. Citigroup cut their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Truist Financial lifted their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird increased their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Finally, Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $321.00 to $365.00 in a report on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $365.33.

Insider Buying and Selling at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction 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 owns 4,976 shares in the company, valued at $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William E. Schaupp sold 968 shares of the business’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 sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,749 shares of company stock worth $9,251,912. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $378.23 on Tuesday. The business has a fifty day moving average of $382.87 and a 200-day moving average of $354.71. 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. The firm has a market cap of $182.61 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.90 and a beta of 1.10.

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

Caterpillar Dividend Announcement

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 issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio is 26.15%.

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.