Caterpillar Inc. (NYSE:CAT) Shares Acquired by Allen Capital Group LLC

Allen Capital Group LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,221 shares of the industrial products company’s stock after purchasing an additional 59 shares during the quarter. Allen Capital Group LLC’s holdings in Caterpillar were worth $1,651,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bbjs Financial Advisors LLC acquired a new position in Caterpillar during the second quarter worth about $28,000. Financial Connections Group Inc. acquired a new position in Caterpillar during the second quarter worth about $28,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter worth about $36,000. Fairscale Capital LLC acquired a new position in Caterpillar during the second quarter worth about $36,000. Finally, POM Investment Strategies LLC boosted its holdings in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CAT shares. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Truist Financial boosted their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays boosted their price target on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and boosted their price target for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Finally, Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued 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.

Insiders Place Their Bets

In related news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the completion of the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,774 shares of company stock valued at $8,233,034 in the last ninety days. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $390.26 on Friday. The company has a 50-day simple moving average of $385.77 and a 200-day simple moving average of $355.46. 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 $188.42 billion, a PE ratio of 18.09, a P/E/G ratio of 1.89 and a beta of 1.10. Caterpillar Inc. has a 52-week low of $241.81 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results 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 net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter last year, the business posted $5.52 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were paid a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.45%. Caterpillar’s dividend payout ratio is currently 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.