Caterpillar Inc. (NYSE:CAT) Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV decreased its stake in Caterpillar Inc. (NYSE:CAT) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 5,533 shares of the industrial products company’s stock after selling 59 shares during the period. Advisors Management Group Inc. ADV’s holdings in Caterpillar were worth $2,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Geode Capital Management LLC grew its position in Caterpillar by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock worth $3,987,206,000 after purchasing an additional 67,148 shares in the last quarter. Fisher Asset Management LLC boosted its position in Caterpillar by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock worth $3,501,554,000 after acquiring an additional 205,012 shares during the period. Legal & General Group Plc increased its holdings in shares of Caterpillar by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company’s stock valued at $1,286,582,000 after purchasing an additional 75,973 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Caterpillar by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock worth $1,418,793,000 after purchasing an additional 64,452 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Caterpillar by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company’s stock valued at $1,262,290,000 after buying an additional 8,088 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 over the last ninety days. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Citigroup dropped their price target on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday. Truist Financial lifted their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $349.00 to $332.00 in a report on Monday, October 14th. Finally, Bank of America increased their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $381.67.

Caterpillar Stock Up 0.9 %

NYSE CAT opened at $374.81 on Thursday. Caterpillar Inc. has a 1-year low of $276.94 and a 1-year high of $418.50. The company has a market capitalization of $180.96 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 1.88 and a beta of 1.13. The stock’s 50 day moving average is $380.79 and its two-hundred day moving average is $366.26. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.52 earnings per share. Equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.50%. Caterpillar’s dividend payout ratio is 26.15%.

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.