D.A. Davidson & CO. Has $30.60 Million Position in Caterpillar Inc. (NYSE:CAT)

D.A. Davidson & CO. cut its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,233 shares of the industrial products company's stock after selling 2,257 shares during the period. D.A. Davidson & CO.'s holdings in Caterpillar were worth $30,599,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CAT. International Assets Investment Management LLC grew its holdings in Caterpillar by 39,534.0% during the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock worth $8,356,930,000 after acquiring an additional 2,131,276 shares during the period. Altshuler Shaham Ltd grew its holdings in Caterpillar by 3,319.7% during the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock worth $91,606,000 after acquiring an additional 266,969 shares during the period. Swedbank AB purchased a new position in Caterpillar during the first quarter worth approximately $97,042,000. Fisher Asset Management LLC boosted its position in Caterpillar by 2.3% during the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock worth $3,501,554,000 after purchasing an additional 205,012 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Caterpillar by 104.6% in the second quarter. National Bank of Canada FI now owns 391,428 shares of the industrial products company's stock valued at $128,768,000 after acquiring an additional 200,134 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Up 0.5 %

Shares of CAT stock traded up $2.17 during trading hours on Tuesday, hitting $407.82. 1,785,777 shares of the company were exchanged, compared to its average volume of 2,597,324. 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 one year low of $246.01 and a one year high of $418.50. The business's 50-day simple moving average is $387.97 and its two-hundred day simple moving average is $356.38. The stock has a market capitalization of $196.90 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.10.

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 the consensus estimate 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 the consensus estimate of $16.37 billion. During the same period in the previous year, the business posted $5.52 EPS. The business's revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts predict that Caterpillar Inc. will post 21.67 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were issued a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.38%. Caterpillar's dividend payout ratio is currently 26.15%.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the company's stock in a transaction 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 owns 71,107 shares of the company's stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the business's 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 completion of the purchase, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 3.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 20,774 shares of company stock valued at $8,233,034 over the last quarter. Insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CAT. Robert W. Baird lifted their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. Evercore ISI cut Caterpillar from an "in-line" rating to an "underperform" rating and lifted their price objective for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Truist Financial boosted their target price on Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Barclays lifted their price target on Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 7th. Finally, Morgan Stanley downgraded Caterpillar from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $365.33.

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.