Pinnacle Wealth Planning Services Inc. Has $1.07 Million Stake in Caterpillar Inc. $CAT

Pinnacle Wealth Planning Services Inc. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,746 shares of the industrial products company’s stock after selling 135 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Caterpillar were worth $1,066,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Nordwand Advisors LLC increased its stake in Caterpillar by 2,471.4% during the second quarter. Nordwand Advisors LLC now owns 10,800 shares of the industrial products company’s stock valued at $4,193,000 after acquiring an additional 10,380 shares during the period. Chiron Capital Management LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $379,000. Root Financial Partners LLC increased its position in shares of Caterpillar by 83.1% during the second quarter. Root Financial Partners LLC now owns 3,114 shares of the industrial products company’s stock valued at $1,209,000 after purchasing an additional 1,413 shares during the period. Landaas & Co. WI ADV raised its stake in shares of Caterpillar by 17.9% in the second quarter. Landaas & Co. WI ADV now owns 1,733 shares of the industrial products company’s stock valued at $673,000 after purchasing an additional 263 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in Caterpillar by 6.7% in the second quarter. Rothschild Investment LLC now owns 27,891 shares of the industrial products company’s stock worth $10,828,000 after purchasing an additional 1,754 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $550.87 on Tuesday. The business has a fifty day moving average of $508.83 and a 200-day moving average of $430.29. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.81 and a current ratio of 1.38. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The firm has a market cap of $257.80 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 3.33 and a beta of 1.51.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter in the prior year, the firm earned $5.17 EPS. The company’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Insider Transactions at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 1,200 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $572.22, for a total transaction of $686,664.00. Following the transaction, the chief accounting officer owned 1,323 shares of the company’s stock, valued at approximately $757,047.06. This represents a 47.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 8,184 shares of Caterpillar stock in a transaction on Monday, November 10th. The shares were sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the sale, the insider directly owned 41,512 shares of the company’s stock, valued at $23,669,312.16. This trade represents a 16.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,229 shares of company stock worth $43,323,118 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup boosted their price target on shares of Caterpillar from $570.00 to $670.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research note on Tuesday, November 11th. Truist Financial reaffirmed a “buy” rating and set a $729.00 price objective (up from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. DA Davidson upped their price target on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, UBS Group boosted their target price on shares of Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $600.94.

About Caterpillar

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.