Mission Creek Capital Partners Inc. Sells 130 Shares of Caterpillar Inc. (NYSE:CAT)

Mission Creek Capital Partners Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the third quarter, HoldingsChannel.com reports. The firm owned 14,252 shares of the industrial products company’s stock after selling 130 shares during the period. Caterpillar accounts for 1.3% of Mission Creek Capital Partners Inc.’s portfolio, making the stock its 18th biggest position. Mission Creek Capital Partners Inc.’s holdings in Caterpillar were worth $5,574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bbjs Financial Advisors LLC purchased a new stake in Caterpillar during the 2nd quarter worth approximately $28,000. Financial Connections Group Inc. acquired a new stake in shares of Caterpillar during the second quarter worth $28,000. Fairscale Capital LLC purchased a new stake in shares of Caterpillar during the second quarter valued at $36,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the 3rd quarter valued at $36,000. Finally, POM Investment Strategies LLC lifted its position in Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. Evercore ISI cut Caterpillar from an “in-line” rating to an “underperform” rating and raised their price objective for the stock from $321.00 to $365.00 in a research note on Wednesday, November 13th. Citigroup decreased their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Truist Financial increased 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. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $365.33.

Caterpillar Stock Performance

Shares of CAT stock opened at $399.24 on Wednesday. The company has a market capitalization of $192.75 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.99 and a beta of 1.10. Caterpillar Inc. has a 12-month low of $252.42 and a 12-month high of $418.50. The business’s 50 day moving average is $392.26 and its two-hundred day moving average is $358.40. 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 earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $5.52 EPS. Analysts expect that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.41%. Caterpillar’s dividend payout ratio (DPR) is presently 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.