Cahill Financial Advisors Inc. Sells 29 Shares of Caterpillar Inc. (NYSE:CAT)

Cahill Financial Advisors Inc. lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 1.1% in the third quarter, HoldingsChannel reports. The fund owned 2,566 shares of the industrial products company’s stock after selling 29 shares during the period. Cahill Financial Advisors Inc.’s holdings in Caterpillar were worth $1,004,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Counsel LLC boosted its holdings in Caterpillar by 1.2% in the 3rd quarter. Capital Investment Counsel LLC now owns 22,984 shares of the industrial products company’s stock valued at $8,990,000 after purchasing an additional 263 shares during the period. SevenBridge Financial Group LLC raised its position in shares of Caterpillar by 6.2% in the third quarter. SevenBridge Financial Group LLC now owns 5,272 shares of the industrial products company’s stock valued at $2,091,000 after buying an additional 308 shares in the last quarter. Journey Advisory Group LLC boosted its stake in shares of Caterpillar by 2.1% in the third quarter. Journey Advisory Group LLC now owns 4,806 shares of the industrial products company’s stock valued at $1,880,000 after buying an additional 100 shares during the period. Borer Denton & Associates Inc. acquired a new stake in Caterpillar during the third quarter worth approximately $216,000. Finally, Larson Financial Group LLC increased its stake in Caterpillar by 25.8% during the 3rd quarter. Larson Financial Group LLC now owns 4,333 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 888 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 3.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,774 shares of company stock worth $8,233,034 over the last ninety days. Insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 2.0 %

Shares of NYSE CAT opened at $397.49 on Friday. The firm has a 50 day moving average price of $386.81 and a two-hundred day moving average price of $355.92. The stock has a market cap of $191.91 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $246.01 and a 52-week 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 for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.52 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, October 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CAT shares. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. 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. Finally, Bank of America raised their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $365.33.

About Caterpillar

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.