Realta Investment Advisors Has $957,000 Position in Caterpillar Inc. (NYSE:CAT)

Realta Investment Advisors trimmed its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 46.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,429 shares of the industrial products company's stock after selling 2,118 shares during the period. Realta Investment Advisors' holdings in Caterpillar were worth $957,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake 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 valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Caterpillar by 306.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 407,677 shares of the industrial products company's stock valued at $149,385,000 after acquiring an additional 307,479 shares during the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Caterpillar by 3,319.7% during the 2nd 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 in the last quarter. Swedbank AB acquired a new position in shares of Caterpillar in the 1st quarter worth $97,042,000. Finally, Capital International Investors raised its position in shares of Caterpillar by 99.9% during the first quarter. Capital International Investors now owns 488,660 shares of the industrial products company's stock worth $179,060,000 after purchasing an additional 244,253 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CAT. UBS Group lifted their price target on Caterpillar from $270.00 to $285.00 and gave the stock a "sell" rating in a research note on Wednesday, August 7th. Robert W. Baird lifted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday. Truist Financial upped their price target on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Citigroup lowered their price objective on shares of Caterpillar from $445.00 to $435.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Morgan Stanley lowered Caterpillar from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $349.00 to $332.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $357.56.

Caterpillar Stock Up 0.9 %

Shares of NYSE CAT traded up $3.43 during trading hours on Friday, hitting $379.63. The stock had a trading volume of 1,633,361 shares, compared to its average volume of 2,624,214. The firm's 50-day moving average price is $372.40 and its two-hundred day moving average price is $351.37. Caterpillar Inc. has a 52 week low of $232.88 and a 52 week high of $403.60. The company has a market capitalization of $184.08 billion, a P/E ratio of 17.60, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.78 and a current ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted its 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 business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the firm earned $5.52 earnings per share. The business's revenue was down 4.2% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 21.88 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st will be given 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 dividend yield of 1.49%. Caterpillar's dividend payout ratio is currently 26.15%.

Insider Activity

In other news, Director Gerald Johnson purchased 100 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction that occurred 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 sale, the insider now owns 33,442 shares in the company, valued at $11,750,181.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson purchased 100 shares of the company's stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the transaction, the director now owns 2,842 shares in the company, valued at approximately $962,272.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by insiders.

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.