Caterpillar Inc. (NYSE:CAT) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,200 shares of the industrial products company's stock after selling 2,386 shares during the period. Howe & Rusling Inc.'s holdings in Caterpillar were worth $8,292,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bbjs Financial Advisors LLC acquired a new stake in shares of Caterpillar during the second quarter worth $28,000. Financial Connections Group Inc. purchased a new stake in shares of Caterpillar in the second quarter valued at about $28,000. Fairscale Capital LLC bought a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar during the 3rd quarter valued at $36,000. Finally, POM Investment Strategies LLC increased its position in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock worth $38,000 after buying an additional 108 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $0.83 during midday trading on Wednesday, reaching $381.50. The company's stock had a trading volume of 1,839,152 shares, compared to its average volume of 2,602,351. Caterpillar Inc. has a twelve month low of $241.81 and a twelve month 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 firm has a market capitalization of $184.19 billion, a PE ratio of 17.65, a P/E/G ratio of 1.90 and a beta of 1.10. The stock has a fifty day moving average of $383.83 and a 200 day moving average of $355.03.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.52 EPS. On average, equities analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced 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 of this dividend is Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.48%. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.

Analyst Ratings Changes

CAT has been the topic of a number of analyst reports. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Evercore ISI lowered shares of Caterpillar from an "in-line" rating to an "underperform" rating and boosted their price objective for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. Truist Financial lifted 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. Morgan Stanley cut shares of Caterpillar from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price objective on Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $365.33.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction 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 completion of the transaction, the insider now owns 33,442 shares of the company's stock, valued at $11,750,181.12. The trade was a 8.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 transaction, the insider now owns 15,615 shares of the company's stock, valued at approximately $5,347,825.20. The trade was a 16.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,749 shares of company stock valued at $9,251,912. 0.29% of the stock is currently owned by corporate insiders.

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.