Core Wealth Advisors Inc. Lowers Position in Caterpillar Inc. (NYSE:CAT)

Core Wealth Advisors Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,239 shares of the industrial products company’s stock after selling 93 shares during the period. Caterpillar makes up 1.0% of Core Wealth Advisors Inc.’s portfolio, making the stock its 16th largest holding. Core Wealth Advisors Inc.’s holdings in Caterpillar were worth $2,989,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Principal Financial Group Inc. grew its holdings in Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after buying an additional 5,371 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after buying an additional 50 shares during the period. Tudor Financial Inc. bought a new stake in shares of Caterpillar in the 3rd quarter worth about $854,000. Anchor Investment Management LLC boosted its position in shares of Caterpillar by 2.9% during the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company’s stock valued at $5,208,000 after buying an additional 376 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in Caterpillar by 26.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company’s stock valued at $1,569,000 after acquiring an additional 843 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. DA Davidson cut their price target on Caterpillar from $357.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $359.36.

Caterpillar Stock Performance

Shares of CAT opened at $306.89 on Friday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The stock has a fifty day moving average price of $322.40 and a 200-day moving average price of $361.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market cap of $146.67 billion, a PE ratio of 13.91, a P/E/G ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.84%. Caterpillar’s payout ratio is 25.56%.

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.