B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 140,614 Caterpillar Inc. (NYSE:CAT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 140,614 shares of the industrial products company’s stock, valued at approximately $54,997,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise increased its position in shares of Caterpillar by 21.8% during the third quarter. Banque Cantonale Vaudoise now owns 27,845 shares of the industrial products company’s stock worth $10,892,000 after acquiring an additional 4,986 shares in the last quarter. Lingohr Asset Management GmbH increased its position in shares of Caterpillar by 1.7% during the third quarter. Lingohr Asset Management GmbH now owns 2,160 shares of the industrial products company’s stock worth $842,000 after acquiring an additional 37 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Caterpillar during the third quarter worth about $269,000. Princeton Capital Management LLC increased its position in shares of Caterpillar by 0.6% during the third quarter. Princeton Capital Management LLC now owns 5,004 shares of the industrial products company’s stock worth $1,957,000 after acquiring an additional 31 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Caterpillar by 26.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 14,959 shares of the industrial products company’s stock worth $5,851,000 after acquiring an additional 3,148 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT stock opened at $384.53 on Tuesday. The stock has a market capitalization of $185.65 billion, a P/E ratio of 17.83, a PEG ratio of 1.90 and a beta of 1.10. 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 firm’s 50 day moving average is $382.87 and its 200 day moving average is $354.71. Caterpillar Inc. has a 12 month low of $241.81 and a 12 month high of $418.50.

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 analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.52 earnings per share. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CAT. Truist Financial upped their price objective 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. Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Citigroup reduced their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $365.33.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the company’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 transaction of $5,192,534.25. Following the sale, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,749 shares of company stock worth $9,251,912. 0.29% of the stock is owned by corporate insiders.

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.