Peterson Wealth Advisors LLC Sells 44 Shares of Caterpillar Inc. (NYSE:CAT)

Peterson Wealth Advisors LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,007 shares of the industrial products company’s stock after selling 44 shares during the quarter. Peterson Wealth Advisors LLC’s holdings in Caterpillar were worth $394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Financial Bankshares Inc lifted its holdings in shares of Caterpillar by 2.6% during the third quarter. First Financial Bankshares Inc now owns 2,000 shares of the industrial products company’s stock valued at $782,000 after purchasing an additional 50 shares during the last quarter. Park Edge Advisors LLC increased its position in Caterpillar by 19.9% during the 3rd quarter. Park Edge Advisors LLC now owns 2,421 shares of the industrial products company’s stock valued at $947,000 after buying an additional 402 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in Caterpillar by 7.4% during the third quarter. J.W. Cole Advisors Inc. now owns 9,572 shares of the industrial products company’s stock valued at $3,744,000 after buying an additional 660 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in Caterpillar by 347.7% in the third quarter. Valley National Advisers Inc. now owns 6,585 shares of the industrial products company’s stock worth $2,574,000 after acquiring an additional 5,114 shares in the last quarter. Finally, Amarillo National Bank grew its stake in shares of Caterpillar by 1.6% in the third quarter. Amarillo National Bank now owns 4,334 shares of the industrial products company’s stock worth $1,695,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.3 %

Shares of CAT stock opened at $385.97 on Monday. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $403.60. The stock has a market cap of $188.76 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.85 and a beta of 1.10. The company has a 50 day simple moving average of $368.57 and a two-hundred day simple moving average of $350.81.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion for the quarter, compared to analysts’ expectations of $16.91 billion. During the same period last year, the firm earned $5.55 EPS. Caterpillar’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is 25.46%.

Insiders Place Their Bets

In other news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 value of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, with a total value of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several recent analyst reports. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Evercore ISI cut their price target on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Truist Financial increased their target price on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $355.50.

Caterpillar 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.