OVERSEA CHINESE BANKING Corp Ltd Takes Position in Caterpillar Inc. (NYSE:CAT)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,611 shares of the industrial products company’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in Caterpillar by 3.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 23,471 shares of the industrial products company’s stock valued at $8,600,000 after acquiring an additional 736 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Caterpillar by 13.7% in the first quarter. Brighton Jones LLC now owns 6,377 shares of the industrial products company’s stock valued at $2,337,000 after purchasing an additional 767 shares in the last quarter. Great Lakes Retirement Inc. boosted its position in shares of Caterpillar by 3.7% during the first quarter. Great Lakes Retirement Inc. now owns 5,084 shares of the industrial products company’s stock valued at $1,863,000 after buying an additional 181 shares during the last quarter. Bright Financial Advisors Inc. bought a new stake in Caterpillar during the first quarter worth $232,000. Finally, Banco Santander S.A. raised its position in Caterpillar by 16.3% in the 1st quarter. Banco Santander S.A. now owns 81,022 shares of the industrial products company’s stock valued at $29,689,000 after buying an additional 11,353 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock valued at $9,251,912 in the last three months. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $387.16 on Thursday. The firm has a market capitalization of $186.92 billion, a P/E ratio of 18.05, a PEG ratio of 1.94 and a beta of 1.10. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. 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 business has a fifty day moving average price of $378.67 and a 200-day moving average price of $353.36.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the prior year, the business earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CAT shares. Citigroup dropped their price target on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and increased their price target for the company from $321.00 to $365.00 in a research report on Wednesday. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Truist Financial lifted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus target price 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.