1,296 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Calton & Associates Inc.

Calton & Associates Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,296 shares of the industrial products company’s stock, valued at approximately $507,000.

A number of other hedge funds have also added to or reduced their stakes in CAT. Global Assets Advisory LLC purchased a new stake in Caterpillar during the 1st quarter valued at $7,997,000. Keystone Wealth Services LLC purchased a new stake in Caterpillar during the 1st quarter valued at $245,000. Beech Hill Advisors Inc. raised its stake in Caterpillar by 2.4% during the 1st quarter. Beech Hill Advisors Inc. now owns 4,350 shares of the industrial products company’s stock valued at $1,594,000 after buying an additional 100 shares during the last quarter. Inspirion Wealth Advisors LLC bought a new stake in shares of Caterpillar during the 1st quarter valued at $205,000. Finally, Thompson Investment Management Inc. bought a new stake in shares of Caterpillar during the 1st quarter valued at $27,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Down 0.7 %

NYSE:CAT traded down $2.64 during midday trading on Tuesday, hitting $387.84. 75,344 shares of the company traded hands, compared to its average volume of 2,629,770. The firm’s fifty day moving average is $364.94 and its 200-day moving average is $350.30. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $403.60. The firm has a market capitalization of $189.67 billion, a P/E ratio of 17.63, a P/E/G 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 (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same quarter in the prior year, the firm posted $5.55 EPS. Caterpillar’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 21.91 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.45%. Caterpillar’s payout ratio is 25.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Truist Financial boosted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Bank of America boosted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $355.50.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought 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 in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following 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. Insiders own 0.33% 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.