StoneX Group Inc. Increases Stock Position in Caterpillar Inc. $CAT

StoneX Group Inc. grew its stake in Caterpillar Inc. (NYSE:CAT) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,959 shares of the industrial products company’s stock after buying an additional 1,046 shares during the period. StoneX Group Inc.’s holdings in Caterpillar were worth $9,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SageView Advisory Group LLC grew its position in Caterpillar by 6.5% in the second quarter. SageView Advisory Group LLC now owns 1,469 shares of the industrial products company’s stock worth $570,000 after acquiring an additional 90 shares in the last quarter. Finer Wealth Management Inc. lifted its stake in Caterpillar by 3.7% during the second quarter. Finer Wealth Management Inc. now owns 10,041 shares of the industrial products company’s stock worth $3,898,000 after purchasing an additional 361 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of Caterpillar by 10.4% in the 2nd quarter. Gateway Wealth Partners LLC now owns 4,173 shares of the industrial products company’s stock worth $1,620,000 after purchasing an additional 394 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of Caterpillar by 3.5% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 1,373 shares of the industrial products company’s stock valued at $533,000 after purchasing an additional 46 shares during the last quarter. Finally, Amundi lifted its position in Caterpillar by 22.9% in the 2nd quarter. Amundi now owns 1,911,674 shares of the industrial products company’s stock worth $761,668,000 after buying an additional 356,804 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the completion of the transaction, the insider owned 41,512 shares in the company, valued at $23,669,312.16. This represents a 16.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 14,638 shares of Caterpillar stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the sale, the insider owned 80,209 shares in the company, valued at approximately $45,106,333.24. This trade represents a 15.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 79,061 shares of company stock valued at $41,949,366. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

CAT has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada started coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 target price on the stock. Oppenheimer boosted their price target on shares of Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Morgan Stanley upped their price target on shares of Caterpillar from $350.00 to $380.00 and gave the company an “underweight” rating in a research report on Thursday, October 30th. Finally, Argus lifted their price objective on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $610.32.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $603.27 on Friday. The company’s fifty day simple moving average is $542.45 and its two-hundred day simple moving average is $451.75. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $607.00. The firm has a market cap of $282.32 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, October 20th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

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.