Cahill Financial Advisors Inc. Sells 29 Shares of Caterpillar Inc. (NYSE:CAT)

Cahill Financial Advisors Inc. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,566 shares of the industrial products company’s stock after selling 29 shares during the period. Cahill Financial Advisors Inc.’s holdings in Caterpillar were worth $1,004,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAT. Capital Investment Counsel LLC raised its position in shares of Caterpillar by 1.2% during the 3rd quarter. Capital Investment Counsel LLC now owns 22,984 shares of the industrial products company’s stock valued at $8,990,000 after acquiring an additional 263 shares during the last quarter. SevenBridge Financial Group LLC increased its holdings in Caterpillar by 6.2% in the third quarter. SevenBridge Financial Group LLC now owns 5,272 shares of the industrial products company’s stock valued at $2,091,000 after purchasing an additional 308 shares during the last quarter. Journey Advisory Group LLC boosted its holdings in Caterpillar by 2.1% during the third quarter. Journey Advisory Group LLC now owns 4,806 shares of the industrial products company’s stock worth $1,880,000 after buying an additional 100 shares during the last quarter. Borer Denton & Associates Inc. acquired a new position in shares of Caterpillar during the 3rd quarter worth about $216,000. Finally, Larson Financial Group LLC increased its stake in shares of Caterpillar by 25.8% in the 3rd quarter. Larson Financial Group LLC now owns 4,333 shares of the industrial products company’s stock valued at $1,695,000 after acquiring an additional 888 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of CAT opened at $397.49 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a twelve month low of $246.01 and a twelve month high of $418.50. The stock has a market capitalization of $191.91 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a 50 day moving average of $386.81 and a 200-day moving average of $355.92.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $5.52 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were issued a dividend of $1.41 per share. The ex-dividend date was Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar’s payout ratio is presently 26.15%.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 3.65 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the business’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 value of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,774 shares of company stock valued at $8,233,034. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group boosted their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Evercore ISI lowered 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 report on Wednesday, November 13th. Truist Financial raised their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus price target of $365.33.

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.