HHM Wealth Advisors LLC Cuts Stock Position in Caterpillar Inc. $CAT

HHM Wealth Advisors LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,882 shares of the industrial products company’s stock after selling 224 shares during the period. HHM Wealth Advisors LLC’s holdings in Caterpillar were worth $2,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $579,000. Brighton Jones LLC raised its position in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares in the last quarter. GW&K Investment Management LLC raised its position in Caterpillar by 14.6% in the 1st quarter. GW&K Investment Management LLC now owns 283 shares of the industrial products company’s stock valued at $93,000 after purchasing an additional 36 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of Caterpillar by 3.4% during the first quarter. Crestwood Advisors Group LLC now owns 22,689 shares of the industrial products company’s stock worth $7,483,000 after buying an additional 743 shares in the last quarter. Finally, Gries Financial LLC raised its holdings in Caterpillar by 13.5% in the first quarter. Gries Financial LLC now owns 1,199 shares of the industrial products company’s stock valued at $395,000 after acquiring an additional 143 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Down 1.0%

Shares of NYSE:CAT opened at $546.75 on Wednesday. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $596.21. The stock has a market cap of $255.87 billion, a P/E ratio of 28.07, a P/E/G ratio of 3.33 and a beta of 1.51. The firm has a fifty day moving average price of $511.40 and a 200 day moving average price of $431.86. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter last year, the company posted $5.17 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio is presently 31.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CAT shares. Royal Bank Of Canada assumed coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Caterpillar in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research report on Monday. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target on the stock in a research note on Tuesday, August 19th. Finally, Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $600.94.

Insider Buying and Selling

In other news, insider Lange Bob De sold 14,638 shares of Caterpillar stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the sale, the insider owned 80,209 shares of the company’s stock, valued at $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 1,200 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $572.22, for a total transaction of $686,664.00. Following the transaction, the chief accounting officer directly owned 1,323 shares of the company’s stock, valued at $757,047.06. This represents a 47.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 86,229 shares of company stock worth $43,323,118. 0.33% of the stock is currently owned by 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.