Human Investing LLC Has $253,000 Stock Holdings in Caterpillar Inc. $CAT

Human Investing LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 651 shares of the industrial products company’s stock after selling 48 shares during the period. Human Investing LLC’s holdings in Caterpillar were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $579,000. Brighton Jones LLC raised its stake in Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Caterpillar by 26.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 133,397 shares of the industrial products company’s stock valued at $44,097,000 after purchasing an additional 27,623 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Caterpillar by 7.0% during the 1st quarter. Golden State Wealth Management LLC now owns 3,558 shares of the industrial products company’s stock worth $1,174,000 after purchasing an additional 232 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Caterpillar during the first quarter valued at about $1,047,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $524.86 on Wednesday. The firm has a market capitalization of $245.89 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.00 and a beta of 1.46. The stock has a fifty day moving average price of $468.92 and a two-hundred day moving average price of $403.15. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $544.99. 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 (NYSE:CAT) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the prior year, the firm posted $5.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company 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 dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s dividend payout ratio (DPR) is currently 30.72%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,985 shares of company stock valued at $25,559,300 in the last ninety days. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CAT. Oppenheimer lifted their target price on Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Sanford C. Bernstein lifted their price objective on Caterpillar from $447.00 to $502.00 and gave the stock a “market perform” rating in a report on Tuesday, October 14th. DA Davidson upped their target price on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Barclays lifted their price target on shares of Caterpillar from $425.00 to $485.00 and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Finally, Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $518.19.

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.