AAFMAA Wealth Management & Trust LLC Buys 116 Shares of Caterpillar Inc. (NYSE:CAT)

AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,308 shares of the industrial products company’s stock after buying an additional 116 shares during the period. Caterpillar makes up about 1.3% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 20th largest holding. AAFMAA Wealth Management & Trust LLC’s holdings in Caterpillar were worth $2,858,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. bought a new stake in Caterpillar during the first quarter valued at $27,000. Fairman Group LLC purchased a new stake in Caterpillar during the first quarter valued at about $29,000. Bbjs Financial Advisors LLC purchased a new stake in Caterpillar during the second quarter valued at about $28,000. Financial Connections Group Inc. purchased a new stake in Caterpillar during the second quarter valued at about $28,000. Finally, Fairscale Capital LLC purchased a new stake in Caterpillar during the second quarter valued at about $36,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of the company’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 completion of the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Anthony D. Fassino sold 3,185 shares of the company’s 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 completion of the transaction, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now directly owns 15,615 shares of the company’s stock, valued at $5,347,825.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. UBS Group boosted their price target on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a report on Monday. Raymond James started coverage on Caterpillar in a report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Barclays boosted their price target on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average target price of $355.50.

Caterpillar Stock Performance

CAT stock opened at $393.66 on Thursday. The stock has a market capitalization of $192.52 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. The stock’s 50 day simple moving average is $361.58 and its 200 day simple moving average is $349.92. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $403.60.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The business had revenue of $16.69 billion during the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.55 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is 25.46%.

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.