Nations Financial Group Inc. IA ADV Lowers Stock Position in Caterpillar Inc. (NYSE:CAT)

Nations Financial Group Inc. IA ADV reduced its position in Caterpillar Inc. (NYSE:CAT) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,494 shares of the industrial products company’s stock after selling 187 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Caterpillar were worth $2,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC acquired a new position in Caterpillar during the second quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new position in shares of Caterpillar during the 2nd quarter valued at $28,000. Fairscale Capital LLC purchased a new stake in Caterpillar during the 2nd quarter worth $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the 3rd quarter valued at $36,000. Finally, POM Investment Strategies LLC raised its position in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In related news, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the transaction, the director now owns 4,976 shares in the company, valued at approximately $2,079,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,749 shares of company stock valued at $9,251,912. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several analyst reports. Citigroup decreased their target price on Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Bank of America increased their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Truist Financial boosted their target price on shares of Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Finally, Evercore ISI cut their price objective 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. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $362.40.

Caterpillar Price Performance

Shares of NYSE CAT opened at $396.79 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $191.57 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.10. Caterpillar Inc. has a twelve month low of $238.88 and a twelve month high of $418.50. The business has a 50 day simple moving average of $376.80 and a 200-day simple moving average of $352.60.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the firm earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be paid 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 yield of 1.42%. Caterpillar’s payout ratio is currently 26.15%.

About Caterpillar

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.