844 Caterpillar Inc. $CAT Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 13.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,608 shares of the industrial products company’s stock after selling 844 shares during the quarter. Money Concepts Capital Corp’s holdings in Caterpillar were worth $4,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CAT. BlackRock Inc. bought a new position in Caterpillar during the 2nd quarter worth about $40,457,153,000. State Street Corp increased its position in Caterpillar by 4.0% during the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after purchasing an additional 1,396,356 shares during the period. Bank of America Corp DE purchased a new position in Caterpillar during the 2nd quarter valued at about $5,818,150,000. Bank of New York Mellon Corp bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $2,783,451,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Key Headlines Impacting Caterpillar

Here are a few of the latest headlines about CAT:

• Positive Sentiment: Caterpillar ended the third quarter with a record $78 billion backlog, nearly double the year-earlier level. Demand across construction, mining and power-generation equipment provides revenue visibility, while capacity expansion and automation investments could support growth. Article: CAT’s Record $78B Backlog Signals Strength: Can Growth Continue?
• Neutral Sentiment: Recent commentary debates whether CAT’s substantial multi-year gains leave the stock fairly valued and how much recovery potential remains, rather than pointing to a clear near-term catalyst. Article: How Much Downside Is Left In Caterpillar Stock?
• Negative Sentiment: Bank of America warned that CAT’s valuation could face further pressure, citing uncertainty around data-center investment. The concern adds to the recent selloff and questions about whether growth expectations are already reflected in the shares. Article: Caterpillar faces further valuation risks despite machinery strength, Bank of America warns

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAT shares. Barclays increased their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price objective on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a report on Friday, October 30th. Wall Street Zen downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Oppenheimer restated an “outperform” rating and set a $1,009.00 target price on shares of Caterpillar in a report on Thursday, October 29th. Finally, Zacks Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $898.25.

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Jr acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of $620.39 per share, with a total value of $620,390.00. Following the completion of the transaction, the director directly owned 4,714 shares in the company, valued at $2,924,518.46. The trade was a 26.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.7%

Shares of CAT stock opened at $605.54 on Friday. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46. The stock’s fifty day moving average price is $744.62 and its 200 day moving average price is $805.40. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The company has a market cap of $277.09 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. During the same period last year, the business posted $4.95 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 27.38 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio is 25.58%.

Caterpillar Profile

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.