Planning Center Inc. Has $531,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Planning Center Inc. cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,463 shares of the industrial products company’s stock after selling 50 shares during the period. Planning Center Inc.’s holdings in Caterpillar were worth $531,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $34,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the 3rd quarter valued at $36,000. Albion Financial Group UT lifted its stake in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC boosted its stake in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its position in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction that occurred 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 trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock worth $13,480,389 in the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on CAT shares. Citigroup reduced their price objective on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. UBS Group lifted their price objective on Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a research note on Tuesday. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.60.

Caterpillar Price Performance

CAT stock opened at $390.29 on Wednesday. The stock has a market cap of $188.43 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The stock has a 50-day moving average price of $381.27 and a two-hundred day moving average price of $370.23. Caterpillar Inc. has a 1 year low of $297.45 and a 1 year high of $418.50. 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 posted 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). 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 analyst estimates of $16.37 billion. During the same quarter last year, the business earned $5.52 earnings per share. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced 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 is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s payout ratio is presently 26.15%.

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.