Caterpillar Inc. (NYSE:CAT) Shares Acquired by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,728 shares of the industrial products company’s stock after acquiring an additional 73 shares during the period. Caterpillar accounts for approximately 2.0% of IronBridge Private Wealth LLC’s portfolio, making the stock its 16th largest position. IronBridge Private Wealth LLC’s holdings in Caterpillar were worth $5,369,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAT. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar in the second quarter worth about $28,000. Financial Connections Group Inc. acquired a new position in Caterpillar in the 2nd quarter valued at $28,000. Fairscale Capital LLC acquired a new stake in Caterpillar during the second quarter worth $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar during the 3rd quarter valued at $36,000. Finally, POM Investment Strategies LLC grew its holdings in Caterpillar by 2,160.0% during the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 108 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Down 0.9 %

Shares of CAT stock opened at $402.53 on Tuesday. 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 12-month low of $252.42 and a 12-month high of $418.50. The business has a 50-day moving average price of $391.99 and a two-hundred day moving average price of $358.09. The firm has a market cap of $194.34 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the prior year, the company posted $5.52 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were given a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.40%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at $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, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,868 shares of company stock worth $9,679,489 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Truist Financial lifted their target price on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Barclays raised their price target on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Evercore ISI cut shares of Caterpillar from an “in-line” rating to an “underperform” rating and upped their price target for the stock from $321.00 to $365.00 in a research note on Wednesday, November 13th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $365.33.

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.