Widmann Financial Services Inc. Decreases Stock Position in Caterpillar Inc. (NYSE:CAT)

Widmann Financial Services Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,421 shares of the industrial products company’s stock after selling 30 shares during the quarter. Caterpillar makes up 1.3% of Widmann Financial Services Inc.’s investment portfolio, making the stock its 22nd largest position. Widmann Financial Services Inc.’s holdings in Caterpillar were worth $1,729,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Caterpillar during the 1st quarter valued at $604,000. EverSource Wealth Advisors LLC raised its stake in shares of Caterpillar by 71.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,063 shares of the industrial products company’s stock valued at $1,359,000 after purchasing an additional 1,696 shares during the period. Transcend Capital Advisors LLC lifted its holdings in Caterpillar by 12.0% during the 2nd quarter. Transcend Capital Advisors LLC now owns 3,257 shares of the industrial products company’s stock worth $1,085,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC boosted its stake in Caterpillar by 16.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,997 shares of the industrial products company’s stock worth $1,997,000 after purchasing an additional 841 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in Caterpillar by 21.2% during the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,161 shares of the industrial products company’s stock valued at $1,053,000 after buying an additional 552 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.6 %

NYSE CAT opened at $406.11 on Friday. The business’s 50-day moving average is $391.37 and its 200 day moving average is $357.75. The stock has a market capitalization of $196.07 billion, a PE ratio of 18.83, a PEG ratio of 1.99 and a beta of 1.10. 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 1 year low of $247.84 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last posted its 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). The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm posted $5.52 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 21.67 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Monday, October 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Truist Financial increased their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $349.00 to $332.00 in a report on Monday, October 14th. Four equities research 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 data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $365.33.

Insider Buying and Selling

In other news, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. This represents a 20.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,589 shares of company stock valued at $7,113,953 over the last three months. Corporate insiders own 0.29% of the company’s stock.

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.