Souders Financial Advisors Grows Stake in Caterpillar Inc. (NYSE:CAT)

Souders Financial Advisors increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,905 shares of the industrial products company’s stock after purchasing an additional 248 shares during the quarter. Souders Financial Advisors’ holdings in Caterpillar were worth $1,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in Caterpillar during the 1st quarter valued at $433,000. Interchange Capital Partners LLC bought a new position in Caterpillar during the 1st quarter worth about $238,000. Angeles Wealth Management LLC purchased a new position in Caterpillar during the 1st quarter valued at about $307,000. Texas Yale Capital Corp. raised its holdings in shares of Caterpillar by 1.7% in the 1st quarter. Texas Yale Capital Corp. now owns 3,003 shares of the industrial products company’s stock valued at $1,100,000 after purchasing an additional 50 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its stake in shares of Caterpillar by 4.0% during the first quarter. D Orazio & Associates Inc. now owns 835 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 32 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the transaction, the director now owns 4,976 shares in the company, valued at $2,079,968. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction 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. The trade was a 0.00 % 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 in the last three months. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CAT shares. Truist Financial boosted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup reduced their price target on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Robert W. Baird raised their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $365.33.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $393.08 on Wednesday. The stock has a market cap of $189.78 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.96 and a beta of 1.10. Caterpillar Inc. has a 12 month low of $238.88 and a 12 month high of $418.50. The company has a 50 day simple moving average of $377.62 and a two-hundred day simple moving average of $353.01. 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 the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for 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 revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.52 earnings per share. As a group, analysts predict that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

About Caterpillar

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.