Leavell Investment Management Inc. Has $5.55 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Leavell Investment Management Inc. increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,178 shares of the industrial products company's stock after purchasing an additional 2,256 shares during the period. Leavell Investment Management Inc.'s holdings in Caterpillar were worth $5,545,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in shares of Caterpillar during the first quarter worth approximately $433,000. CarsonAllaria Wealth Management Ltd. grew its stake in shares of Caterpillar by 6.1% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 1,433 shares of the industrial products company's stock valued at $525,000 after purchasing an additional 83 shares during the last quarter. TCI Wealth Advisors Inc. grew its stake in shares of Caterpillar by 13.1% during the first quarter. TCI Wealth Advisors Inc. now owns 17,175 shares of the industrial products company's stock valued at $6,294,000 after purchasing an additional 1,988 shares during the last quarter. Montag A & Associates Inc. grew its stake in shares of Caterpillar by 42.8% during the first quarter. Montag A & Associates Inc. now owns 17,533 shares of the industrial products company's stock valued at $6,425,000 after purchasing an additional 5,258 shares during the last quarter. Finally, Allegheny Financial Group LTD grew its stake in shares of Caterpillar by 16.0% during the first quarter. Allegheny Financial Group LTD now owns 3,312 shares of the industrial products company's stock valued at $1,214,000 after purchasing an additional 457 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Down 3.6 %

Shares of NYSE:CAT traded down $14.84 during midday trading on Friday, reaching $393.37. 3,345,862 shares of the company were exchanged, compared to its average volume of 2,292,855. Caterpillar Inc. has a fifty-two week low of $233.82 and a fifty-two week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a fifty day simple moving average of $376.80 and a two-hundred day simple moving average of $352.75. The firm has a market cap of $190.75 billion, a PE ratio of 18.24, a P/E/G ratio of 2.06 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the business earned $5.52 earnings per share. The company's revenue was down 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared 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 is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar's payout ratio is currently 26.15%.

Analyst Ratings Changes

Several analysts have recently commented on CAT shares. UBS Group increased their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research note on Monday, November 4th. Citigroup decreased their price target on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Truist Financial raised their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Barclays raised their price objective on shares of Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 7th. Finally, Bank of America raised their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Caterpillar currently has a consensus rating of "Hold" and a consensus price target of $362.40.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company's stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now owns 33,442 shares of the company's stock, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction dated 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 of the company's stock, valued at $5,347,825.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,749 shares of company stock worth $9,251,912. Insiders own 0.29% of the company's stock.

Caterpillar Company 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.