Caterpillar Inc. (NYSE:CAT) Stock Holdings Increased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,431 shares of the industrial products company’s stock after buying an additional 598 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Caterpillar were worth $3,689,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in shares of Caterpillar during the first quarter valued at $433,000. Sei Investments Co. boosted its holdings in shares of Caterpillar by 14.1% in the first quarter. Sei Investments Co. now owns 114,337 shares of the industrial products company’s stock worth $41,899,000 after buying an additional 14,121 shares during the period. Meeder Asset Management Inc. increased its position in shares of Caterpillar by 6.5% in the first quarter. Meeder Asset Management Inc. now owns 1,100 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 67 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Caterpillar by 10.6% during the first quarter. Headlands Technologies LLC now owns 982 shares of the industrial products company’s stock valued at $360,000 after acquiring an additional 94 shares during the period. Finally, Hohimer Wealth Management LLC lifted its position in shares of Caterpillar by 6.0% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,758 shares of the industrial products company’s stock valued at $644,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. 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. Truist Financial increased their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Caterpillar has a consensus rating of “Hold” and a consensus target price of $362.40.

Caterpillar Stock Up 1.2 %

Caterpillar stock opened at $397.93 on Monday. The company has a market capitalization of $192.96 billion, a P/E ratio of 18.24, a P/E/G ratio of 2.06 and a beta of 1.10. Caterpillar Inc. has a 1-year low of $238.88 and a 1-year high of $418.50. The firm’s fifty day simple moving average is $376.80 and its 200-day simple moving average is $352.60. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.52 EPS. Sell-side analysts forecast that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Activity

In related news, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the firm’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 completion of the sale, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,749 shares of company stock valued at $9,251,912 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

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.