Culbertson A N & Co. Inc. Sells 58 Shares of Caterpillar Inc. (NYSE:CAT)

Culbertson A N & Co. Inc. cut its position in Caterpillar Inc. (NYSE:CAT) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,394 shares of the industrial products company’s stock after selling 58 shares during the quarter. Caterpillar accounts for 2.6% of Culbertson A N & Co. Inc.’s holdings, making the stock its 5th largest holding. Culbertson A N & Co. Inc.’s holdings in Caterpillar were worth $16,190,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bfsg LLC increased its position in shares of Caterpillar by 15.3% during the third quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 42 shares during the period. AAFMAA Wealth Management & Trust LLC raised its position in Caterpillar by 1.6% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 7,308 shares of the industrial products company’s stock valued at $2,858,000 after purchasing an additional 116 shares in the last quarter. Indiana Trust & Investment Management Co grew its position in shares of Caterpillar by 20.0% during the third quarter. Indiana Trust & Investment Management Co now owns 6,574 shares of the industrial products company’s stock worth $2,571,000 after buying an additional 1,094 shares in the last quarter. Transform Wealth LLC increased its stake in shares of Caterpillar by 74.7% during the third quarter. Transform Wealth LLC now owns 13,006 shares of the industrial products company’s stock worth $5,087,000 after buying an additional 5,560 shares during the period. Finally, Leisure Capital Management lifted its stake in Caterpillar by 4.7% in the third quarter. Leisure Capital Management now owns 1,478 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 67 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, Director Gerald Johnson purchased 100 shares of Caterpillar 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Anthony D. Fassino sold 3,185 shares of the company’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 transaction, the insider now owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired 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 directly owns 2,842 shares in the company, valued at $962,272.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Truist Financial upped their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Evercore ISI reduced their price objective on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. UBS Group boosted their price target on shares of Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a research report on Wednesday, August 7th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus target price of $355.50.

Caterpillar Stock Up 1.5 %

CAT stock opened at $393.66 on Thursday. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $403.60. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. The company has a market cap of $192.52 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.85 and a beta of 1.10. The company’s 50-day moving average price is $361.58 and its 200 day moving average price is $349.92.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating the consensus estimate of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. Caterpillar’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $5.55 EPS. On average, research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed 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 is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio is presently 25.46%.

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.