Baldwin Wealth Partners LLC MA Cuts Stock Holdings in Caterpillar Inc. $CAT

Baldwin Wealth Partners LLC MA decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,867 shares of the industrial products company’s stock after selling 88 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Caterpillar were worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $32,000. Compass Financial Services Inc boosted its holdings in shares of Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $33,000. Maseco LLP bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $45,000. Finally, Park Place Capital Corp boosted its holdings in shares of Caterpillar by 47.6% in the 2nd quarter. Park Place Capital Corp now owns 124 shares of the industrial products company’s stock valued at $48,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $500.10 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $509.48. The company has a 50 day simple moving average of $441.97 and a two-hundred day simple moving average of $382.85. The stock has a market cap of $234.29 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 3.05 and a beta of 1.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the previous year, the firm posted $5.99 earnings per share. The business’s revenue was down .7% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s payout ratio is presently 30.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Bank of America lifted their target price on shares of Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Citigroup lifted their target price on shares of Caterpillar from $540.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Finally, Oppenheimer lifted their target price on shares of Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $478.20.

Insider Buying and Selling at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the transaction, the chairman directly owned 465,339 shares of the company’s stock, valued at $215,289,088.35. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director directly owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,819 shares of company stock worth $16,885,492. Company insiders own 0.33% of the company’s stock.

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.