Foundations Investment Advisors LLC Has $2.67 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Foundations Investment Advisors LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,831 shares of the industrial products company’s stock after buying an additional 556 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Caterpillar were worth $2,672,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ledyard National Bank raised its position in shares of Caterpillar by 1.4% during the 3rd quarter. Ledyard National Bank now owns 13,283 shares of the industrial products company’s stock valued at $5,195,000 after acquiring an additional 179 shares during the last quarter. Precision Wealth Strategies LLC raised its position in shares of Caterpillar by 9.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 963 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 85 shares during the last quarter. Waterway Wealth Management LLC raised its position in shares of Caterpillar by 9.4% during the 3rd quarter. Waterway Wealth Management LLC now owns 1,636 shares of the industrial products company’s stock valued at $640,000 after acquiring an additional 141 shares during the last quarter. Integrity Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 3rd quarter valued at $243,000. Finally, Venture Visionary Partners LLC increased its position in shares of Caterpillar by 1.7% in the 3rd quarter. Venture Visionary Partners LLC now owns 28,337 shares of the industrial products company’s stock valued at $11,084,000 after buying an additional 465 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the sale, the insider now owns 15,615 shares of the company’s stock, valued at approximately $5,347,825.20. This represents a 0.00 % 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 Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Raymond James assumed coverage on shares of Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Citigroup increased their target price on Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. UBS Group increased their target price on Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Finally, Truist Financial increased their target price on Caterpillar from $399.00 to $456.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus price target of $355.50.

Caterpillar Stock Down 0.5 %

Shares of NYSE:CAT opened at $388.48 on Wednesday. The company has a fifty day moving average of $365.94 and a 200-day moving average of $350.37. The company has a market capitalization of $189.99 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $403.60.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. During the same period in the prior year, the business earned $5.55 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 21.91 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, October 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.45%. Caterpillar’s dividend payout ratio is 25.46%.

Caterpillar Company 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.