Lifeworks Advisors LLC Acquires 262 Shares of Caterpillar Inc. (NYSE:CAT)

Lifeworks Advisors LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 3.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,260 shares of the industrial products company’s stock after acquiring an additional 262 shares during the quarter. Lifeworks Advisors LLC’s holdings in Caterpillar were worth $3,231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Intelligence Driven Advisers LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $232,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Caterpillar by 3.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,467 shares of the industrial products company’s stock worth $5,267,000 after acquiring an additional 426 shares during the last quarter. Planning Capital Management Corp lifted its holdings in shares of Caterpillar by 127.1% in the 3rd quarter. Planning Capital Management Corp now owns 3,218 shares of the industrial products company’s stock worth $1,259,000 after acquiring an additional 1,801 shares during the last quarter. BCM Advisors LLC lifted its holdings in shares of Caterpillar by 0.8% in the 3rd quarter. BCM Advisors LLC now owns 7,056 shares of the industrial products company’s stock worth $2,657,000 after acquiring an additional 56 shares during the last quarter. Finally, Peak Asset Management LLC purchased a new position in shares of Caterpillar in the third quarter worth $221,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 0.2 %

Shares of CAT stock traded up $0.73 during mid-day trading on Thursday, reaching $387.80. 177,589 shares of the company’s stock traded hands, compared to its average volume of 2,610,452. Caterpillar Inc. has a 12 month low of $241.81 and a 12 month high of $418.50. The company has a market cap of $187.23 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.94 and a beta of 1.10. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $379.68 and its 200-day moving average price is $353.59.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter last year, the firm posted $5.52 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Truist Financial lifted their target price 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. UBS Group lifted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, 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 note on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $365.33.

Insider Activity

In related news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares in the company, valued at $5,347,825.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares in the company, valued at $5,347,825.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,749 shares of company stock worth $9,251,912. Corporate 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.