Drucker Wealth 3.0 LLC Invests $226,000 in Caterpillar Inc. $CAT

Drucker Wealth 3.0 LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CATFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 561 shares of the industrial products company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GSB Wealth Management LLC raised its stake in shares of Caterpillar by 1.2% during the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock worth $832,000 after purchasing an additional 26 shares in the last quarter. Verum Partners LLC raised its stake in Caterpillar by 2.5% in the 2nd quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 26 shares during the period. Vanguard Capital Wealth Advisors raised its stake in Caterpillar by 0.8% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company’s stock valued at $1,388,000 after acquiring an additional 27 shares during the period. InTrack Investment Management Inc raised its stake in Caterpillar by 0.6% in the 2nd quarter. InTrack Investment Management Inc now owns 4,683 shares of the industrial products company’s stock valued at $1,818,000 after acquiring an additional 27 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Caterpillar by 2.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company’s stock valued at $472,000 after acquiring an additional 29 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CAT shares. Truist Financial increased their price target on Caterpillar from $507.00 to $582.00 and gave the company a “buy” rating in a research note on Wednesday. Robert W. Baird increased their price target on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. DA Davidson increased their price target on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target on the stock in a research note on Wednesday, July 9th. Finally, Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $478.20.

Get Our Latest Report on Caterpillar

Insider Transactions at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the sale, the chairman directly owned 465,339 shares of the company’s stock, valued at approximately $215,289,088.35. This represents a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $491.67 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The stock’s fifty day moving average price is $443.23 and its two-hundred day moving average price is $384.17. Caterpillar Inc. has a one year low of $267.30 and a one year high of $511.50. The firm has a market cap of $230.34 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 2.99 and a beta of 1.46.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same period in the prior year, the company earned $5.99 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s dividend payout ratio is 30.72%.

Caterpillar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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