Cutler Investment Counsel LLC Has $25.21 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Cutler Investment Counsel LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,459 shares of the industrial products company's stock after selling 1,774 shares during the period. Caterpillar comprises 3.2% of Cutler Investment Counsel LLC's portfolio, making the stock its 6th largest holding. Cutler Investment Counsel LLC's holdings in Caterpillar were worth $25,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bbjs Financial Advisors LLC acquired a new position in shares of Caterpillar in the second quarter valued at approximately $28,000. Financial Connections Group Inc. acquired a new position in shares of Caterpillar in the second quarter valued at approximately $28,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the third quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC raised its position in shares of 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 buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a report on Monday, November 4th. Truist Financial boosted their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a report on Monday, October 14th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Finally, Robert W. Baird boosted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Caterpillar has an average rating of "Hold" and an average target price of $365.33.

Insider Activity at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cheryl H. Johnson sold 2,975 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now directly owns 15,615 shares in the company, valued at $5,347,825.20. This trade represents a 16.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,749 shares of company stock valued at $9,251,912 over the last ninety days. Corporate insiders own 0.29% of the company's stock.

Caterpillar Stock Down 0.8 %

Shares of CAT stock traded down $3.29 on Friday, hitting $384.07. The stock had a trading volume of 2,165,453 shares, compared to its average volume of 2,613,751. The firm has a market capitalization of $185.43 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.91 and a beta of 1.10. The stock's 50 day moving average is $381.86 and its 200-day moving average is $354.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a 52-week low of $241.81 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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). The firm had revenue of $16.11 billion during 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%. Caterpillar's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.52 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.47%. Caterpillar's dividend payout ratio is presently 26.15%.

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.