Healthcare of Ontario Pension Plan Trust Fund Buys New Shares in Caterpillar Inc. (NYSE:CAT)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Caterpillar Inc. (NYSE:CAT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 90,000 shares of the industrial products company’s stock, valued at approximately $35,201,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bbjs Financial Advisors LLC bought a new stake in Caterpillar during the 2nd quarter valued at approximately $28,000. Financial Connections Group Inc. bought a new stake in shares of Caterpillar during the second quarter valued at approximately $28,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the third quarter worth $36,000. Fairscale Capital LLC purchased a new position in Caterpillar during the second quarter valued at $36,000. Finally, POM Investment Strategies LLC increased its holdings in Caterpillar by 2,160.0% in the 2nd quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 108 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CAT shares. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Truist Financial raised their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Citigroup decreased their price target on shares of Caterpillar from $445.00 to $435.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average target price of $365.33.

Caterpillar Stock Down 1.0 %

Shares of NYSE:CAT opened at $403.65 on Thursday. The firm has a market capitalization of $194.88 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10. The business has a 50 day simple moving average of $390.02 and a two-hundred day simple moving average of $357.08. Caterpillar Inc. has a 1 year low of $246.01 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the company earned $5.52 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 21.67 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, October 21st were issued a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.40%. Caterpillar’s payout ratio is 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the company’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 in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 3,185 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,774 shares of company stock valued at $8,233,034 in the last three months. Company insiders own 0.29% of the company’s stock.

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.