Altiora Financial Group LLC Purchases New Holdings in Caterpillar Inc. (NYSE:CAT)

Altiora Financial Group LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 598 shares of the industrial products company’s stock, valued at approximately $234,000.

A number of other large investors also recently bought and sold shares of the business. Bbjs Financial Advisors LLC purchased a new position in Caterpillar in the second quarter worth about $28,000. Financial Connections Group Inc. bought a new stake in shares of Caterpillar in the second quarter worth approximately $28,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the third quarter worth approximately $36,000. Fairscale Capital LLC bought a new stake in shares of Caterpillar in the second quarter worth approximately $36,000. Finally, POM Investment Strategies LLC increased its holdings in Caterpillar by 2,160.0% during the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after buying an additional 108 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the acquisition, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. This represents a 3.65 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated 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 owns 33,442 shares of the company’s stock, valued at $11,750,181.12. The trade was a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,774 shares of company stock worth $8,233,034 over the last 90 days. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. JPMorgan Chase & Co. upped 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. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. UBS Group increased their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, Truist Financial increased 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. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $365.33.

Caterpillar Stock Performance

CAT opened at $390.26 on Friday. Caterpillar Inc. has a fifty-two week low of $241.81 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a fifty day moving average of $385.77 and a 200 day moving average of $355.46. The stock has a market capitalization of $188.42 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.89 and a beta of 1.10.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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 net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter last year, the business earned $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio (DPR) 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.