Caterpillar Inc. (NYSE:CAT) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,353 shares of the industrial products company’s stock after selling 332 shares during the period. Dakota Wealth Management’s holdings in Caterpillar were worth $15,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Woodard & Co. Asset Management Group Inc. ADV boosted its position in shares of Caterpillar by 3.2% during the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 4,626 shares of the industrial products company’s stock valued at $1,809,000 after purchasing an additional 142 shares in the last quarter. DT Investment Partners LLC boosted its holdings in Caterpillar by 0.8% during the third quarter. DT Investment Partners LLC now owns 12,654 shares of the industrial products company’s stock worth $4,949,000 after buying an additional 97 shares in the last quarter. Global Trust Asset Management LLC grew its position in Caterpillar by 0.7% in the third quarter. Global Trust Asset Management LLC now owns 9,397 shares of the industrial products company’s stock worth $3,675,000 after buying an additional 68 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Caterpillar by 106.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 317,828 shares of the industrial products company’s stock valued at $124,309,000 after acquiring an additional 163,725 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. boosted its stake in shares of Caterpillar by 1.0% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 4,900 shares of the industrial products company’s stock worth $1,916,000 after acquiring an additional 50 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $386.81 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market capitalization of $189.17 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.85 and a beta of 1.10. The business has a 50-day moving average of $367.72 and a two-hundred day moving average of $350.86. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.91 billion. During the same quarter in the prior year, the business earned $5.55 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Caterpillar Inc. will post 21.91 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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 given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is 25.46%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the transaction, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America upped their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their target price 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. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, UBS Group increased their target price on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $355.50.

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.