Safe Harbor Fiduciary LLC Invests $304,000 in Caterpillar Inc. (NYSE:CAT)

Safe Harbor Fiduciary LLC bought a new position in Caterpillar Inc. (NYSE:CAT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 777 shares of the industrial products company’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at about $28,000. Financial Connections Group Inc. purchased a new stake in shares of Caterpillar during the 2nd quarter valued at about $28,000. Fairscale Capital LLC bought a new position in shares of Caterpillar in the 2nd quarter worth approximately $36,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the 3rd quarter worth approximately $36,000. Finally, POM Investment Strategies LLC lifted its stake in shares of Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 108 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

CAT stock opened at $399.51 on Thursday. The firm has a market cap of $192.88 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.97 and a beta of 1.10. The firm has a 50-day simple moving average of $392.68 and a two-hundred day simple moving average of $358.68. Caterpillar Inc. has a one year low of $253.78 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company earned $5.52 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were issued a $1.41 dividend. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.41%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of recent analyst reports. Truist Financial raised 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. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. UBS Group raised their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Bank of America raised their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Citigroup cut their target price on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $365.33.

Insider Buying and Selling

In other news, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now owns 4,976 shares in the company, valued at $2,079,968. This trade represents a 20.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is owned by company insiders.

Caterpillar 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.