D.A. Davidson & CO. Has $30.60 Million Position in Caterpillar Inc. (NYSE:CAT)

D.A. Davidson & CO. trimmed its position in Caterpillar Inc. (NYSE:CAT) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,233 shares of the industrial products company’s stock after selling 2,257 shares during the quarter. D.A. Davidson & CO.’s holdings in Caterpillar were worth $30,599,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CAT. Bbjs Financial Advisors LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $28,000. Financial Connections Group Inc. bought a new position in shares of Caterpillar in the second quarter worth about $28,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $36,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC increased its position in Caterpillar by 2,160.0% during 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 in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CAT. JPMorgan Chase & Co. boosted 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. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $349.00 to $332.00 in a research report on Monday, October 14th. UBS Group boosted their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Citigroup dropped their price objective 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. Finally, Truist Financial upped their price target 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. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $365.33.

Insider Activity

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $338.59 per share, with a total value of $33,859.00. Following the acquisition, the director now 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 disclosure for this purchase can be found here. Insiders sold 20,774 shares of company stock worth $8,233,034 in the last quarter. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $405.65 on Tuesday. 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 has a market capitalization of $195.85 billion, a PE ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.10. The firm has a fifty day simple moving average of $387.97 and a 200 day simple moving average of $356.38. Caterpillar Inc. has a twelve month low of $246.01 and a twelve month high of $418.50.

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 the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $5.52 earnings per share. The business’s revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

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.