SYM FINANCIAL Corp Acquires 59 Shares of Caterpillar Inc. $CAT

SYM FINANCIAL Corp raised its holdings in Caterpillar Inc. (NYSE:CAT) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,062 shares of the industrial products company’s stock after buying an additional 59 shares during the period. SYM FINANCIAL Corp’s holdings in Caterpillar were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CAT. Trivium Point Advisory LLC lifted its position in shares of Caterpillar by 132.9% during the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 1,099 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Caterpillar by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after purchasing an additional 7,125 shares in the last quarter. Palmer Knight Co bought a new position in shares of Caterpillar during the second quarter valued at about $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Caterpillar by 11.2% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock valued at $5,557,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in shares of Caterpillar during the first quarter valued at about $427,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the topic 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 company a “buy” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $505.00 to $650.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. UBS Group lifted their price objective on shares of Caterpillar from $450.00 to $506.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Finally, Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $518.19.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,985 shares of company stock worth $25,559,300 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

CAT opened at $527.12 on Tuesday. The company has a market capitalization of $246.95 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 2.98 and a beta of 1.46. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The firm has a 50-day moving average price of $466.75 and a 200-day moving average price of $401.50. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $544.99.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

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.