Caterpillar Inc. (NYSE:CAT) Stock Position Decreased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. decreased its position in Caterpillar Inc. (NYSE:CAT) by 97.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93 shares of the industrial products company’s stock after selling 4,217 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Caterpillar were worth $36,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. HighTower Advisors LLC grew its position in Caterpillar by 5.7% in the third quarter. HighTower Advisors LLC now owns 503,020 shares of the industrial products company’s stock worth $196,827,000 after acquiring an additional 26,923 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in Caterpillar by 38.8% in the third quarter. Hilltop Holdings Inc. now owns 3,982 shares of the industrial products company’s stock worth $1,557,000 after purchasing an additional 1,113 shares in the last quarter. Hollow Brook Wealth Management LLC acquired a new position in Caterpillar during the third quarter worth $228,000. Garden State Investment Advisory Services LLC raised its holdings in Caterpillar by 75.9% during the third quarter. Garden State Investment Advisory Services LLC now owns 2,146 shares of the industrial products company’s stock valued at $840,000 after buying an additional 926 shares in the last quarter. Finally, Ascent Group LLC lifted its position in shares of Caterpillar by 19.4% in the third quarter. Ascent Group LLC now owns 1,138 shares of the industrial products company’s stock worth $445,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The shares were 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 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 sold 23,868 shares of company stock worth $9,679,489 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CAT has been the topic of a number of recent analyst reports. Barclays raised their price objective on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Bank of America upped their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. 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 report on Wednesday, October 9th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $365.33.

Caterpillar Trading Down 0.8 %

Shares of Caterpillar stock opened at $399.24 on Wednesday. Caterpillar Inc. has a 52-week low of $252.42 and a 52-week high of $418.50. The firm has a market capitalization of $192.75 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.99 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company’s fifty day moving average price is $392.26 and its two-hundred day moving average price is $358.40.

Caterpillar (NYSE:CAT) last posted its quarterly 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). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company earned $5.52 EPS. On average, analysts expect that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Dividend Announcement

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

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.