Caterpillar Inc. $CAT Stake Lessened by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,121 shares of the industrial products company’s stock after selling 630 shares during the quarter. Caterpillar accounts for 2.5% of Culbertson A N & Co. Inc.’s portfolio, making the stock its 7th biggest holding. Culbertson A N & Co. Inc.’s holdings in Caterpillar were worth $15,963,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Aire Advisors LLC raised its holdings in Caterpillar by 0.3% during the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC raised its stake in Caterpillar by 0.5% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock valued at $1,923,000 after purchasing an additional 25 shares in the last quarter. Redwood Wealth Management Group LLC grew its stake in shares of Caterpillar by 0.9% in the 2nd quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock worth $1,036,000 after buying an additional 25 shares in the last quarter. Tsfg LLC increased its holdings in shares of Caterpillar by 9.8% in the 2nd quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock worth $108,000 after buying an additional 25 shares during the last quarter. Finally, GSB Wealth Management LLC raised its position in shares of Caterpillar by 1.2% during the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after buying an additional 26 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $572.22, for a total transaction of $686,664.00. Following the transaction, the chief accounting officer owned 1,323 shares in the company, valued at $757,047.06. The trade was a 47.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 86,229 shares of company stock worth $43,323,118. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $550.87 on Tuesday. The firm’s 50-day moving average price is $508.83 and its 200-day moving average price is $430.29. The company has a market cap of $257.80 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $596.21. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.Caterpillar’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.17 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be given a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s payout ratio is 31.01%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of analyst reports. Truist Financial reiterated a “buy” rating and set a $729.00 price objective (up previously from $582.00) on shares of Caterpillar in a research report on Thursday, October 30th. Barclays lifted their price target on shares of Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Citigroup increased their target price on shares of Caterpillar from $570.00 to $670.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada started coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price target for the company. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $600.94.

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.