First Dallas Securities Inc. Sells 199 Shares of Caterpillar Inc. (NYSE:CAT)

First Dallas Securities Inc. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,847 shares of the industrial products company’s stock after selling 199 shares during the quarter. Caterpillar comprises approximately 1.6% of First Dallas Securities Inc.’s portfolio, making the stock its 15th biggest position. First Dallas Securities Inc.’s holdings in Caterpillar were worth $3,852,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Financial Connections Group Inc. purchased a new position in shares of Caterpillar in the second quarter worth about $28,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar in the second quarter worth $36,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter valued at $36,000. POM Investment Strategies LLC boosted its holdings in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares during the last quarter. Finally, Kimelman & Baird LLC raised its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were 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 of the company’s stock, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,868 shares of company stock valued at $9,679,489 in the last ninety days. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Up 1.1 %

CAT opened at $399.34 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The stock has a market capitalization of $192.80 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.95 and a beta of 1.10. The business has a fifty day moving average price of $393.01 and a 200 day moving average price of $359.52. Caterpillar Inc. has a 12 month low of $259.12 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share 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 firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the business earned $5.52 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Caterpillar Inc. will post 21.67 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were given a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.41%. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Citigroup increased their target price on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America upped their price target on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Truist Financial lifted their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average target price of $374.69.

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.