Focus Partners Advisor Solutions LLC Sells 3,378 Shares of Caterpillar Inc. $CAT

Key Points

• Focus Partners Advisor Solutions LLC reduced its holdings in Caterpillar Inc. by 25.9%, selling 3,378 shares and leaving it with 9,658 shares valued at approximately $3.75 million.
• Insider sell-offs included Chairman Donald J. Umpleby III selling 17,166 shares for over $8.67 million, reducing his stake by 3.69%.
• Caterpillar has recently declared a quarterly dividend of $1.51 per share, representing an annualized yield of 1.2% and a payout ratio of 30.72%.

Focus Partners Advisor Solutions LLC trimmed its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 25.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,658 shares of the industrial products company's stock after selling 3,378 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Caterpillar were worth $3,748,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CAT. Valeo Financial Advisors LLC lifted its stake in shares of Caterpillar by 36,842.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company's stock worth $2,833,836,000 after purchasing an additional 7,279,991 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Caterpillar by 6.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company's stock valued at $1,386,626,000 after buying an additional 264,054 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Caterpillar by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock worth $1,089,798,000 after acquiring an additional 15,347 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Caterpillar by 9.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company's stock valued at $1,064,951,000 after acquiring an additional 268,300 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Caterpillar by 5.0% in the 1st quarter. Invesco Ltd. now owns 3,141,936 shares of the industrial products company's stock valued at $1,036,211,000 after acquiring an additional 150,533 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Activity

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the sale, the chairman owned 448,173 shares in the company, valued at approximately $226,457,335.17. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was 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 of the company's stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,985 shares of company stock valued at $25,559,300 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Up 0.3%

Shares of Caterpillar stock opened at $522.13 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The stock has a market cap of $244.61 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 2.98 and a beta of 1.46. The firm's 50-day moving average is $464.46 and its two-hundred day moving average is $399.24. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $544.99.

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

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.2%. Caterpillar's dividend payout ratio (DPR) is currently 30.72%.

Analyst Ratings Changes

A number of research firms recently commented on CAT. Oppenheimer boosted their target price on Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Robert W. Baird increased their target price on Caterpillar from $540.00 to $612.00 in a research report on Monday, October 20th. Jefferies Financial Group boosted their price target on shares of Caterpillar from $500.00 to $570.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Truist Financial increased their price objective 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. Finally, UBS Group boosted their target price on shares of Caterpillar from $450.00 to $506.00 and gave the stock a "neutral" rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $518.19.

Caterpillar 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.