OneDigital Investment Advisors LLC Has $7.52 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

OneDigital Investment Advisors LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,215 shares of the industrial products company’s stock after purchasing an additional 464 shares during the period. OneDigital Investment Advisors LLC’s holdings in Caterpillar were worth $7,515,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on CAT shares. Truist Financial raised their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Evercore ISI cut shares of 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 research note on Wednesday. UBS Group boosted their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, Robert W. Baird raised their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $365.33.

Insider Activity

In other news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares of the company’s stock, valued at $5,347,825.20. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock worth $9,251,912 over the last quarter. Insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 0.1 %

NYSE CAT opened at $387.36 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. The business has a 50 day simple moving average of $379.68 and a 200 day simple moving average of $353.59. The stock has a market capitalization of $187.02 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.91 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) 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 business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the business posted $5.52 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Research analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s payout ratio is currently 26.15%.

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.