Kentucky Retirement Systems Sells 3,072 Shares of Caterpillar Inc. (NYSE:CAT)

Kentucky Retirement Systems lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,781 shares of the industrial products company's stock after selling 3,072 shares during the period. Kentucky Retirement Systems' holdings in Caterpillar were worth $13,212,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in shares of Caterpillar by 2.0% during the second quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company's stock valued at $1,286,582,000 after acquiring an additional 75,973 shares during the period. Dimensional Fund Advisors LP lifted its position in Caterpillar by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company's stock valued at $1,022,488,000 after purchasing an additional 165,358 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Caterpillar by 10.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,108,817 shares of the industrial products company's stock worth $702,431,000 after buying an additional 198,123 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Caterpillar by 6.3% during the first quarter. Capital Research Global Investors now owns 2,020,100 shares of the industrial products company's stock worth $740,225,000 after buying an additional 119,326 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm's stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 3.65 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,749 shares of company stock valued at $9,251,912 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CAT shares. 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 target on Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 7th. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Evercore ISI cut Caterpillar from an "in-line" rating to an "underperform" rating and raised their target price for the stock from $321.00 to $365.00 in a report on Wednesday. Finally, Morgan Stanley cut Caterpillar from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $365.33.

Caterpillar Stock Down 0.8 %

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

Caterpillar (NYSE:CAT - Get Free Report) last issued 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 firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 earnings per share. As a group, equities analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.47%. Caterpillar's dividend payout ratio (DPR) 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.