Caterpillar Inc. (NYSE:CAT) Shares Acquired by James J. Burns & Company LLC

James J. Burns & Company LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 31.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 910 shares of the industrial products company’s stock after acquiring an additional 220 shares during the quarter. James J. Burns & Company LLC’s holdings in Caterpillar were worth $356,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar in the 2nd quarter valued at $28,000. Financial Connections Group Inc. purchased a new stake in Caterpillar during the second quarter worth about $28,000. Fairscale Capital LLC purchased a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. POM Investment Strategies LLC grew its holdings in shares of Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its stake in Caterpillar by 215.4% during the 2nd quarter. TruNorth Capital Management LLC now owns 123 shares of the industrial products company’s stock worth $41,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on 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 sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,128 shares of company stock valued at $2,506,748 in the last 90 days. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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 research note on Monday, October 14th. Bank of America increased their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. UBS Group lifted their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday. Truist Financial raised their target price on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, 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 note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus price target of $358.19.

Caterpillar Stock Down 0.8 %

Shares of Caterpillar stock opened at $376.52 on Tuesday. Caterpillar Inc. has a one year low of $233.57 and a one year high of $403.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a fifty day moving average of $372.91 and a two-hundred day moving average of $351.45. The company has a market cap of $182.57 billion, a P/E ratio of 17.46, a PEG ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the firm posted $5.52 EPS. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts forecast that Caterpillar Inc. will post 21.82 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

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.