Texas Yale Capital Corp. Has $1.44 Million Stock Position in Caterpillar Inc. $CAT

Texas Yale Capital Corp. cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,719 shares of the industrial products company’s stock after selling 393 shares during the period. Texas Yale Capital Corp.’s holdings in Caterpillar were worth $1,444,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CAT. Valeo Financial Advisors LLC raised its position in Caterpillar by 36,842.1% during the second quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after acquiring an additional 7,279,991 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Caterpillar by 2,723.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company’s stock valued at $466,430,000 after purchasing an additional 1,364,183 shares during the period. Nuveen LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $391,788,000. Assenagon Asset Management S.A. lifted its stake in Caterpillar by 546.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company’s stock valued at $327,297,000 after purchasing an additional 712,711 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 worth $1,064,951,000 after buying an additional 268,300 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction that occurred on 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 $226,457,335.17. This represents a 3.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 71,823 shares of company stock worth $34,477,790. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CAT shares. Oppenheimer raised their price target on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Bank of America raised their target price on shares of Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Robert W. Baird upped their price target on shares of Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Truist Financial restated a “buy” rating and set a $729.00 price objective (up from $582.00) on shares of Caterpillar in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $588.94.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $562.82 on Friday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $596.21. The company’s 50 day moving average price is $491.77 and its two-hundred day moving average price is $417.84. The firm has a market cap of $263.39 billion, a PE ratio of 28.89, a PEG ratio of 3.33 and a beta of 1.51. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.52 by $0.43. The business had revenue of $17.64 billion during the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.17 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.1%. Caterpillar’s payout ratio is currently 31.01%.

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.