Caterpillar Inc. (NYSE:CAT) Shares Sold by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 58.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,072 shares of the industrial products company’s stock after selling 1,522 shares during the period. Compass Capital Corp MA ADV’s holdings in Caterpillar were worth $354,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Point Advisors LLC acquired a new position in Caterpillar in the 4th quarter worth $579,000. Brighton Jones LLC increased its position in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after acquiring an additional 2,519 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Caterpillar in the fourth quarter valued at about $7,396,000. Strategic Financial Concepts LLC grew its stake in Caterpillar by 12.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 702 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 76 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Caterpillar by 15.9% in the 4th quarter. Venturi Wealth Management LLC now owns 4,517 shares of the industrial products company’s stock valued at $1,639,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan bought 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. DA Davidson lifted their price target on shares of Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Robert W. Baird upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating and upped their target price for the company from $309.00 to $395.00 in a research note on Tuesday, May 13th. Truist Financial reaffirmed a “buy” rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Baird R W raised Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Finally, Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 target price on the stock in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $372.92.

Caterpillar Stock Up 0.6%

Shares of Caterpillar stock opened at $359.73 on Thursday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The stock has a market capitalization of $169.45 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 2.38 and a beta of 1.37. The company has a current ratio of 1.32, a quick ratio of 0.77 and a debt-to-equity ratio of 1.43. The business’s 50 day simple moving average is $331.20 and its 200-day simple moving average is $347.71.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 53.77% and a net margin of 15.71%. The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same period in the prior year, the business earned $5.60 earnings per share. Caterpillar’s quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Monday, July 21st. This is a boost from Caterpillar’s previous quarterly dividend of $1.41. Caterpillar’s payout ratio is 27.49%.

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.