Caterpillar Inc. (NYSE:CAT) Stock Holdings Decreased by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 28.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,026 shares of the industrial products company’s stock after selling 403 shares during the period. N.E.W. Advisory Services LLC’s holdings in Caterpillar were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at approximately $1,359,000. Austin Private Wealth LLC raised its holdings in shares of Caterpillar by 48.6% during the fourth quarter. Austin Private Wealth LLC now owns 1,939 shares of the industrial products company’s stock worth $703,000 after purchasing an additional 634 shares during the period. Great Diamond Partners LLC boosted its holdings in shares of Caterpillar by 6.2% in the 4th quarter. Great Diamond Partners LLC now owns 562 shares of the industrial products company’s stock valued at $204,000 after buying an additional 33 shares during the period. Caprock Group LLC grew its position in shares of Caterpillar by 15.3% during the 4th quarter. Caprock Group LLC now owns 14,914 shares of the industrial products company’s stock valued at $5,411,000 after buying an additional 1,977 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC lifted its holdings in Caterpillar by 0.9% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 20,295 shares of the industrial products company’s stock worth $7,362,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CAT shares. Robert W. Baird upped their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Citigroup raised their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial lowered their price target on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $380.13.

Caterpillar Price Performance

NYSE:CAT opened at $371.88 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The business’s 50-day moving average price is $381.40 and its 200 day moving average price is $370.82. Caterpillar Inc. has a 52-week low of $299.93 and a 52-week high of $418.50. The firm has a market cap of $179.54 billion, a P/E ratio of 17.24, a PEG ratio of 2.05 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.71 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now owns 12,951 shares of the company’s stock, valued at $4,906,356.84. The trade was a 17.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,900 shares of company stock worth $13,111,601 in the last three months. 0.29% of the stock is currently owned by insiders.

About Caterpillar

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.