Recent changes in investor stakes for Caterpillar show significant activity. RFG Holdings bought $233,000 worth of shares. Fiduciary Financial increased its holdings by 2.4%, owning now 1,858 shares worth $721,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake by 379.7%, acquiring 4,202 shares valued at $1,643,000. Red Mountain Financial’s stake grew 20.7% to 798 shares worth $312,000. Pine Haven increased their stake by 1.7%, holding 2,641 shares valued at $1,033,000. Institutional investors own 70.98% of Caterpillar.
Analyst Ratings Changes
Caterpillar (CAT) has seen several analyst rating changes recently. Evercore ISI lowered the target price from $338 to $321 with an “in-line” rating. Truist Financial raised it from $399 to $456, giving a “buy” rating. Bank of America increased their target from $376 to $434. UBS Group raised it from $270 to $285 with a “sell” rating. There are two sell ratings, ten holds, and seven buys, with an average rating of “Hold” and a target price of $347.56.
Caterpillar Stock Up 1.4%
Caterpillar’s stock opened at $402.02 recently, with a yearly low of $223.76 and a high of $403.60. The stock’s market cap is $196.61 billion, with a P/E ratio of 18.15. Caterpillar reported earnings of $5.99 per share, exceeding estimates and generated $16.69 billion in revenue, slightly below expectations.
Caterpillar Dividend Announcement
Caterpillar announced a quarterly dividend of $1.41, payable on November 20th. Shareholders on record by October 21st will receive this dividend, representing an annual yield of 1.40%.
Insider Transactions at Caterpillar
Insider Anthony D. Fassino recently sold 3,185 shares for $1,119,081.60, while Cheryl H. Johnson sold 1,508 shares for $527,800. Insiders have sold 7,668 shares worth $2,665,760 over the last 90 days. Insiders own 0.33% of the company.
Caterpillar Company Profile
Caterpillar Inc. manufactures construction and mining equipment, engines, turbines, and locomotives worldwide.
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