Dumont & Blake Investment Advisors LLC Sells 4,933 Shares of Caterpillar Inc. (NYSE:CAT)

Dumont & Blake Investment Advisors LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 50.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,933 shares of the industrial products company’s stock after selling 4,933 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Caterpillar were worth $1,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Atlas Capital Advisors LLC increased its stake in Caterpillar by 1,041.4% in the first quarter. Atlas Capital Advisors LLC now owns 331 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 302 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Caterpillar by 38.9% in the first quarter. 180 Wealth Advisors LLC now owns 3,151 shares of the industrial products company’s stock valued at $1,155,000 after acquiring an additional 883 shares in the last quarter. OneAscent Wealth Management LLC increased its position in shares of Caterpillar by 71.6% during the 1st quarter. OneAscent Wealth Management LLC now owns 1,955 shares of the industrial products company’s stock valued at $716,000 after purchasing an additional 816 shares during the last quarter. Webster Bank N. A. raised its position in Caterpillar by 0.4% in the first quarter. Webster Bank N. A. now owns 14,619 shares of the industrial products company’s stock worth $5,357,000 after acquiring an additional 56 shares during the period. Finally, S.E.E.D. Planning Group LLC bought a new stake in shares of Caterpillar in the first quarter valued at $327,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on CAT shares. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Barclays lifted their price objective on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. UBS Group lifted their price target on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Morgan Stanley downgraded 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 report on Monday, October 14th. Finally, Citigroup upped their target price on shares of Caterpillar from $380.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $355.50.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the transaction, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.4 %

Shares of Caterpillar stock traded up $1.48 on Friday, reaching $388.54. 68,608 shares of the company were exchanged, compared to its average volume of 2,615,147. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. Caterpillar Inc. has a 1-year low of $223.76 and a 1-year high of $403.60. The company has a market cap of $190.02 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The stock’s 50 day moving average price is $367.72 and its 200-day moving average price is $350.86.

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

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a $1.41 dividend. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.45%. Caterpillar’s dividend payout ratio is currently 25.46%.

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.