Caterpillar Inc. (NYSE:CAT) Stock Holdings Decreased by Simplicity Wealth LLC

Simplicity Wealth LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 88.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,357 shares of the industrial products company’s stock after selling 18,317 shares during the quarter. Simplicity Wealth LLC’s holdings in Caterpillar were worth $922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Thompson Investment Management Inc. bought a new position in shares of Caterpillar during the first quarter valued at approximately $27,000. Fairman Group LLC acquired a new stake in Caterpillar in the first quarter worth $29,000. Bbjs Financial Advisors LLC acquired a new position in shares of Caterpillar during the second quarter valued at $28,000. Financial Connections Group Inc. acquired a new stake in shares of Caterpillar in the 2nd quarter worth about $28,000. Finally, Richardson Financial Services Inc. bought a new stake in Caterpillar in the 4th quarter valued at about $27,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT opened at $402.02 on Friday. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. The company has a market capitalization of $196.61 billion, a PE ratio of 18.15, a PEG ratio of 1.85 and a beta of 1.10. The company’s 50 day moving average price is $357.45 and its 200 day moving average price is $349.37.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. The firm had revenue of $16.69 billion for the quarter, compared to the consensus estimate of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.55 earnings per share. Research analysts expect that Caterpillar Inc. will post 21.91 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.40%. Caterpillar’s dividend payout ratio (DPR) is currently 25.46%.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 3,185 shares of the business’s stock in a transaction dated 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 owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the sale, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,668 shares of company stock valued at $2,665,760 in the last quarter. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. UBS Group lifted their price target on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a report on Wednesday, August 7th. Truist Financial increased their price target on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Raymond James started coverage on shares of Caterpillar in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Citigroup increased their price objective on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $347.56.

About Caterpillar

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.