Caterpillar Inc. (NYSE:CAT) Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,784 shares of the industrial products company’s stock after selling 320 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Caterpillar were worth $6,565,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bbjs Financial Advisors LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $28,000. Fairscale Capital LLC purchased a new stake in Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter worth $36,000. Finally, POM Investment Strategies LLC boosted its position in shares of Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock worth $38,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAT. Truist Financial raised their target price on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Citigroup cut their target price on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Finally, Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and boosted their price target for the stock from $321.00 to $365.00 in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus price target of $365.33.

Caterpillar Stock Down 0.8 %

Shares of NYSE CAT opened at $384.08 on Friday. Caterpillar Inc. has a 1 year low of $241.81 and a 1 year high of $418.50. The company has a market capitalization of $185.43 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.91 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 business has a 50-day moving average of $381.86 and a two-hundred day moving average of $354.07.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for 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%. Caterpillar’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.52 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.47%. Caterpillar’s payout ratio is 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This trade represents a 3.65 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock valued at $9,251,912 in the last ninety days. Insiders own 0.29% of the company’s stock.

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.