Ameritas Advisory Services LLC Sells 1,877 Shares of Caterpillar Inc. (NYSE:CAT)

Ameritas Advisory Services LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,462 shares of the industrial products company's stock after selling 1,877 shares during the quarter. Ameritas Advisory Services LLC's holdings in Caterpillar were worth $6,438,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Legal & General Group Plc raised its holdings in Caterpillar by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company's stock valued at $1,286,582,000 after acquiring an additional 75,973 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Caterpillar by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company's stock worth $1,022,488,000 after purchasing an additional 165,358 shares during the period. International Assets Investment Management LLC boosted its position in Caterpillar by 39,534.0% in the 3rd 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 buying an additional 2,131,276 shares during the period. Ameriprise Financial Inc. boosted its position in Caterpillar by 10.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,108,817 shares of the industrial products company's stock valued at $702,431,000 after buying an additional 198,123 shares during the period. Finally, Capital Research Global Investors boosted its position in Caterpillar by 6.3% in the 1st quarter. Capital Research Global Investors now owns 2,020,100 shares of the industrial products company's stock valued at $740,225,000 after buying an additional 119,326 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of Caterpillar stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now directly owns 15,615 shares of the company's stock, valued at $5,347,825.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $1,119,081.60. Following the sale, the insider now directly owns 33,442 shares of the company's stock, valued at $11,750,181.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,792 shares of company stock worth $3,515,978 in the last ninety days. Company insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded up $6.85 during trading hours on Tuesday, hitting $383.37. The stock had a trading volume of 1,707,778 shares, compared to its average volume of 2,616,148. The company's fifty day moving average is $373.55 and its two-hundred day moving average is $351.65. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 52 week low of $233.57 and a 52 week high of $403.60. The stock has a market capitalization of $185.90 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.86 and a beta of 1.10.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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 return on equity of 59.09% and a net margin of 16.26%. The business's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 EPS. On average, analysts anticipate that Caterpillar Inc. will post 21.82 EPS 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 $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 1.47%. Caterpillar's dividend payout ratio is 26.15%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAT shares. JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Truist Financial upped 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. Barclays increased their price target on shares of Caterpillar from $315.00 to $335.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 7th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, September 24th. Finally, Robert W. Baird upped 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, October 31st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $358.19.

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.