Markel Group Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,750 shares of the industrial products company's stock after purchasing an additional 7,250 shares during the period. Caterpillar comprises about 1.1% of Markel Group Inc.'s portfolio, making the stock its 27th largest holding. Markel Group Inc. owned 0.07% of Caterpillar worth $124,670,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CAT. Smallwood Wealth Investment Management LLC raised its holdings in Caterpillar by 2.6% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company's stock valued at $405,000 after buying an additional 26 shares during the period. First Bank & Trust boosted its stake in shares of Caterpillar by 4.0% in the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock valued at $277,000 after buying an additional 27 shares during the period. Washington Trust Bank increased its position in shares of Caterpillar by 1.2% in the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company's stock valued at $919,000 after purchasing an additional 27 shares during the last quarter. Pacifica Partners Inc. lifted its holdings in Caterpillar by 1.6% during the 3rd quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company's stock worth $707,000 after buying an additional 28 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its stake in Caterpillar by 0.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company's stock worth $1,356,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Insider Activity at Caterpillar
In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Lange Bob De sold 12,657 shares of the firm'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 owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at $642,332.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,749 shares of company stock valued at $9,251,912 over the last ninety days. 0.29% of the stock is owned by corporate insiders.
Caterpillar Stock Down 3.6 %
Shares of CAT stock traded down $14.84 during trading on Friday, reaching $393.37. The company's stock had a trading volume of 3,345,862 shares, compared to its average volume of 2,292,855. 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 business has a fifty day moving average price of $376.80 and a 200-day moving average price of $352.75. The company has a market cap of $190.75 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. Caterpillar Inc. has a one year low of $233.82 and a one year high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company 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%. Caterpillar'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 earned $5.52 earnings per share. Analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current year.
Caterpillar Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.43%. Caterpillar's dividend payout ratio is 26.15%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CAT. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research report on Monday, November 4th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, September 24th. Robert W. Baird upped their target price on Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research note on Thursday, October 31st. Truist Financial boosted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, Bank of America increased their target price on Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $362.40.
Read Our Latest Stock Report on CAT
About Caterpillar
(
Free Report)
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.
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