Trust Point Inc. Acquires 81 Shares of Caterpillar Inc. (NYSE:CAT)

Trust Point Inc. grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,217 shares of the industrial products company’s stock after buying an additional 81 shares during the period. Trust Point Inc.’s holdings in Caterpillar were worth $2,040,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Aaron Wealth Advisors LLC grew its holdings in Caterpillar by 15.8% in the third quarter. Aaron Wealth Advisors LLC now owns 5,721 shares of the industrial products company’s stock worth $2,238,000 after purchasing an additional 779 shares during the period. Stonegate Investment Group LLC raised its stake in Caterpillar by 1.2% during the 3rd quarter. Stonegate Investment Group LLC now owns 6,572 shares of the industrial products company’s stock worth $2,570,000 after buying an additional 81 shares during the period. M3 Advisory Group LLC bought a new position in shares of Caterpillar in the 3rd quarter worth $203,000. Claro Advisors LLC grew its holdings in Caterpillar by 649.5% during the third quarter. Claro Advisors LLC now owns 12,135 shares of the industrial products company’s stock worth $4,746,000 after buying an additional 10,516 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Caterpillar by 11.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,940 shares of the industrial products company’s stock worth $3,497,000 after acquiring an additional 906 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CAT shares. Bank of America upped their price target on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Evercore ISI decreased their price target on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their target price on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial increased their price objective on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, UBS Group boosted their price objective on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $355.50.

Caterpillar Trading Down 0.8 %

NYSE CAT traded down $3.28 during trading hours on Friday, hitting $391.21. 541,323 shares of the company were exchanged, compared to its average volume of 2,631,381. The stock has a market cap of $191.32 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The stock has a 50-day moving average price of $362.75 and a 200 day moving average price of $350.23. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $5.55 earnings per share. Analysts forecast that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s payout ratio is 25.46%.

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.