Revisor Wealth Management LLC Sells 342 Shares of Caterpillar Inc. (NYSE:CAT)

Revisor Wealth Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 866 shares of the industrial products company’s stock after selling 342 shares during the period. Revisor Wealth Management LLC’s holdings in Caterpillar were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar in the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in Caterpillar during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.5%

Caterpillar stock opened at $343.63 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The stock has a 50-day moving average price of $318.25 and a 200 day moving average price of $352.97. The company has a market capitalization of $161.86 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same period last year, the firm earned $5.60 EPS. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar’s payout ratio is currently 27.49%.

Analysts Set New Price Targets

CAT has been the subject of several analyst reports. Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. DA Davidson raised their target price on shares of Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the company from $272.00 to $357.00 in a report on Friday, May 16th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $375.33.

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan bought 375 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, the director now directly owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

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.