Caterpillar Inc. (NYSE:CAT) Shares Sold by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC cut its position in Caterpillar Inc. (NYSE:CAT) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,150 shares of the industrial products company’s stock after selling 55 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Caterpillar were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CAT. Hudson Capital Management LLC lifted its holdings in Caterpillar by 4.6% during the 3rd quarter. Hudson Capital Management LLC now owns 10,829 shares of the industrial products company’s stock worth $4,235,000 after buying an additional 479 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in Caterpillar during the 3rd quarter worth about $570,000. LifePro Asset Management purchased a new stake in Caterpillar during the 3rd quarter worth about $774,000. Brendel Financial Advisors LLC lifted its holdings in shares of Caterpillar by 4.8% in the 3rd quarter. Brendel Financial Advisors LLC now owns 9,894 shares of the industrial products company’s stock valued at $3,870,000 after purchasing an additional 450 shares during the last quarter. Finally, Modus Advisors LLC lifted its holdings in shares of Caterpillar by 7.1% in the 3rd quarter. Modus Advisors LLC now owns 12,057 shares of the industrial products company’s stock valued at $4,716,000 after purchasing an additional 804 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Caterpillar stock traded up $1.80 on Friday, reaching $398.44. 129,387 shares of the stock were exchanged, compared to its average volume of 2,640,495. The stock has a market cap of $193.20 billion, a PE ratio of 18.06, a PEG 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. Caterpillar Inc. has a twelve month low of $223.76 and a twelve month high of $401.17. The firm has a fifty day moving average price of $354.51 and a two-hundred day moving average price of $348.77.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 EPS 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 firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.55 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 21.91 EPS for the current 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 given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio is currently 25.68%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CAT. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Truist Financial boosted their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group boosted their price target on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Citigroup boosted their price target on Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Raymond James started coverage on Caterpillar in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $347.56.

Insider Activity

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 33,442 shares of the company’s stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,668 shares of company stock valued at $2,665,760. Insiders own 0.29% of the company’s stock.

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.