Caterpillar Inc. (NYSE:CAT) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,596 shares of the industrial products company’s stock after selling 9,253 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Caterpillar were worth $39,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. King Luther Capital Management Corp lifted its position in shares of Caterpillar by 0.4% during the 3rd quarter. King Luther Capital Management Corp now owns 18,720 shares of the industrial products company’s stock valued at $7,322,000 after buying an additional 67 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in Caterpillar by 13.0% during the third quarter. Cornerstone Advisors LLC now owns 36,500 shares of the industrial products company’s stock valued at $14,276,000 after purchasing an additional 4,200 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after purchasing an additional 4,181 shares during the period. EagleClaw Capital Managment LLC increased its stake in shares of Caterpillar by 4.7% during the third quarter. EagleClaw Capital Managment LLC now owns 16,900 shares of the industrial products company’s stock worth $6,610,000 after purchasing an additional 760 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth about $176,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 2.3 %

Shares of Caterpillar stock opened at $390.26 on Friday. Caterpillar Inc. has a fifty-two week low of $241.81 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market capitalization of $188.42 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.89 and a beta of 1.10. The stock has a 50 day moving average of $384.76 and a 200 day moving average of $355.22.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the business posted $5.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were issued a $1.41 dividend. 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%.

Analyst Ratings Changes

Several research firms have commented on CAT. Truist Financial boosted 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. Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and increased their price objective for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. UBS Group lifted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Finally, Citigroup dropped their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $365.33.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the sale, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,774 shares of company stock valued at $8,233,034. Company insiders own 0.29% of the company’s stock.

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.