Northwest & Ethical Investments L.P. Buys 1,458 Shares of Caterpillar Inc. (NYSE:CAT)

Northwest & Ethical Investments L.P. boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 65.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,678 shares of the industrial products company’s stock after buying an additional 1,458 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Caterpillar were worth $1,439,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bbjs Financial Advisors LLC bought a new position in shares of Caterpillar during the 2nd quarter worth $28,000. Financial Connections Group Inc. bought a new position in Caterpillar during the 2nd quarter worth about $28,000. Fairscale Capital LLC purchased a new position in Caterpillar during the 2nd quarter valued at about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter valued at about $36,000. Finally, POM Investment Strategies LLC boosted its stake in shares of 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 purchasing an additional 108 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now directly owns 4,976 shares in the company, valued at $2,079,968. The trade was a 20.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the sale, the insider now directly owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,589 shares of company stock valued at $7,113,953 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CAT shares. Truist Financial boosted 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. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Barclays boosted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Evercore ISI cut shares of Caterpillar from an “in-line” rating to an “underperform” rating and raised their price target for the company from $321.00 to $365.00 in a report on Wednesday, November 13th. Finally, Citigroup reduced their price objective on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $365.33.

Caterpillar Price Performance

NYSE:CAT opened at $406.11 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company has a 50 day moving average price of $391.37 and a 200-day moving average price of $357.75. Caterpillar Inc. has a 1-year low of $247.84 and a 1-year high of $418.50. The firm has a market cap of $196.07 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 1.99 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company posted $5.52 EPS. The company’s revenue was down 4.2% on a year-over-year basis. Equities research analysts forecast that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st were given a $1.41 dividend. The ex-dividend date was Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.39%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

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.