Caterpillar Inc. $CAT Shares Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,540 shares of the industrial products company’s stock after acquiring an additional 45 shares during the quarter. Ingalls & Snyder LLC’s holdings in Caterpillar were worth $2,151,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Darden Wealth Group Inc acquired a new stake in Caterpillar in the second quarter valued at approximately $208,000. Leavell Investment Management Inc. grew its position in Caterpillar by 1.3% in the second quarter. Leavell Investment Management Inc. now owns 14,897 shares of the industrial products company’s stock valued at $5,783,000 after acquiring an additional 189 shares in the last quarter. Burke & Herbert Bank & Trust Co. grew its position in shares of Caterpillar by 9.3% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 4,826 shares of the industrial products company’s stock worth $1,874,000 after buying an additional 411 shares in the last quarter. Aspen Capital Management LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $227,000. Finally, Fielder Capital Group LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $522.13 on Monday. The company has a market cap of $244.60 billion, a PE ratio of 26.56, a P/E/G ratio of 2.98 and a beta of 1.46. The company has a fifty day moving average price of $464.46 and a two-hundred day moving average price of $399.92. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $544.99.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.99 EPS. Research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Caterpillar from $507.00 to $582.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target for the company in a research report on Tuesday, August 19th. Bank of America raised their price target on shares of Caterpillar from $517.00 to $594.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. DA Davidson raised their price target on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Erste Group Bank raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $518.19.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $505.29, for a total value of $8,673,808.14. Following the completion of the sale, the chairman owned 448,173 shares in the company, valued at $226,457,335.17. The trade was a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,985 shares of company stock worth $25,559,300. 0.33% of the stock is owned by insiders.

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.