2,813 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Kennebec Savings Bank

Kennebec Savings Bank purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,813 shares of the industrial products company's stock, valued at approximately $1,100,000. Caterpillar makes up 1.1% of Kennebec Savings Bank's investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC acquired a new position in Caterpillar during the second quarter worth about $28,000. Financial Connections Group Inc. acquired a new stake in Caterpillar during the second quarter worth about $28,000. Fairscale Capital LLC purchased a new position in Caterpillar during the second quarter worth about $36,000. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $36,000. Finally, POM Investment Strategies LLC increased its holdings in shares of Caterpillar by 2,160.0% during the 2nd 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 and hedge funds.

Caterpillar Stock Performance

NYSE CAT traded up $3.42 during trading hours on Monday, hitting $396.79. 1,858,943 shares of the stock were exchanged, compared to its average volume of 2,628,406. Caterpillar Inc. has a 12-month low of $238.88 and a 12-month high of $418.50. The stock has a 50-day moving average of $376.80 and a 200 day moving average of $352.60. The company has a market cap of $191.57 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.94 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 (NYSE:CAT - Get Free Report) last posted 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). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.52 earnings per share. As a group, equities research analysts forecast that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Monday, October 21st. Caterpillar's dividend payout ratio is currently 26.15%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, September 24th. Truist Financial boosted their price objective on Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Barclays increased their price objective on Caterpillar from $315.00 to $335.00 and gave the company an "equal weight" rating in a report on Wednesday, August 7th. Morgan Stanley downgraded shares of Caterpillar from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $362.40.

Insider Buying and Selling at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares of the company's stock, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 23,749 shares of company stock valued at $9,251,912. Corporate insiders own 0.29% of the company's stock.

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.