Stiles Financial Services Inc Has $1.25 Million Stake in Caterpillar Inc. $CAT

Stiles Financial Services Inc lifted its stake in Caterpillar Inc. (NYSE:CAT) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,217 shares of the industrial products company’s stock after acquiring an additional 121 shares during the quarter. Stiles Financial Services Inc’s holdings in Caterpillar were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CAT. Family Legacy Financial Solutions LLC bought a new position in Caterpillar during the second quarter worth about $32,000. Compass Financial Services Inc grew its holdings in Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the period. Redmont Wealth Advisors LLC bought a new position in Caterpillar during the first quarter worth about $33,000. Maseco LLP bought a new stake in shares of Caterpillar during the second quarter worth approximately $45,000. Finally, Park Place Capital Corp boosted its holdings in shares of Caterpillar by 47.6% during the second quarter. Park Place Capital Corp now owns 124 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CAT shares. DA Davidson boosted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Citigroup boosted their price objective on Caterpillar from $540.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays boosted their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Truist Financial boosted their price target on Caterpillar from $507.00 to $582.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on Caterpillar from $500.00 to $570.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $478.20.

Caterpillar Stock Down 0.4%

Shares of NYSE:CAT opened at $500.10 on Friday. The company has a fifty day moving average of $441.97 and a 200-day moving average of $382.85. The company has a market capitalization of $234.29 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 3.05 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $509.48.

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

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.2%. Caterpillar’s dividend payout ratio is 30.72%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is currently 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.