State of New Jersey Common Pension Fund D Has $70.93 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

State of New Jersey Common Pension Fund D reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,339 shares of the industrial products company's stock after selling 2,872 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Caterpillar were worth $70,925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Caterpillar during the first quarter worth about $433,000. Sei Investments Co. raised its position in shares of Caterpillar by 14.1% in the first quarter. Sei Investments Co. now owns 114,337 shares of the industrial products company's stock valued at $41,899,000 after buying an additional 14,121 shares in the last quarter. Choate Investment Advisors boosted its stake in shares of Caterpillar by 43.6% in the first quarter. Choate Investment Advisors now owns 8,720 shares of the industrial products company's stock valued at $3,195,000 after buying an additional 2,649 shares during the period. NorthRock Partners LLC grew its position in Caterpillar by 6.6% during the first quarter. NorthRock Partners LLC now owns 5,851 shares of the industrial products company's stock worth $2,144,000 after buying an additional 364 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Caterpillar by 6.5% during the 1st quarter. Meeder Asset Management Inc. now owns 1,100 shares of the industrial products company's stock worth $403,000 after acquiring an additional 67 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the business's stock in a transaction 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 transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Gerald Johnson bought 100 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company's stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $29,171,646.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,749 shares of company stock worth $9,251,912 over the last three months. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

CAT has been the topic of several analyst reports. Evercore ISI reduced their target price on Caterpillar from $338.00 to $321.00 and set an "in-line" rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $435.00 to $500.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Robert W. Baird upped their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Truist Financial lifted their price objective on shares of Caterpillar from $399.00 to $456.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Finally, Bank of America raised their target price on Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $362.40.

Caterpillar Trading Down 3.6 %

Shares of NYSE:CAT traded down $14.84 during mid-day trading on Friday, reaching $393.37. 3,345,862 shares of the company's stock were exchanged, compared to its average volume of 2,292,855. The firm has a market capitalization of $190.75 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 2.06 and a beta of 1.10. Caterpillar Inc. has a twelve month low of $233.82 and a twelve month high of $418.50. The business's fifty day moving average price is $376.80 and its 200-day moving average price is $352.67. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts' consensus estimates 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%. The company's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $5.52 EPS. On average, research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, October 21st. Caterpillar's dividend payout ratio is currently 26.15%.

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.