Blackhawk Capital Partners LLC Cuts Holdings in Caterpillar Inc. $CAT

Blackhawk Capital Partners LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 24.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,429 shares of the industrial products company’s stock after selling 774 shares during the period. Blackhawk Capital Partners LLC’s holdings in Caterpillar were worth $1,392,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Torren Management LLC purchased a new stake in Caterpillar during the 4th quarter worth about $27,000. Marquette Asset Management LLC increased its holdings in Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares during the period. IFS Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC increased its holdings in shares of Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 18 shares during the last quarter. Finally, Noble Wealth Management PBC increased its holdings in shares of Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 9,152 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $926.25, for a total value of $8,477,040.00. Following the completion of the sale, the insider directly owned 46,041 shares of the company’s stock, valued at $42,645,476.25. This represents a 16.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodney Michael Shurman sold 5,639 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $903.18, for a total value of $5,093,032.02. Following the completion of the sale, the insider directly owned 2,546 shares of the company’s stock, valued at approximately $2,299,496.28. This trade represents a 68.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 75,734 shares of company stock worth $67,054,613. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 3.1%

Shares of NYSE CAT opened at $925.54 on Tuesday. The stock has a market cap of $426.30 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 52-week low of $336.24 and a 52-week high of $931.35. The business has a 50-day moving average price of $761.80 and a 200 day moving average price of $670.30.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.25 EPS. Equities research analysts forecast that Caterpillar Inc. will post 24.21 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio is 30.06%.

Analyst Ratings Changes

A number of research firms have recently commented on CAT. Williams Trading set a $825.00 price objective on Caterpillar in a report on Tuesday, March 10th. Royal Bank Of Canada increased their price objective on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. DA Davidson increased their price objective on Caterpillar from $650.00 to $845.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a report on Monday. Finally, Jefferies Financial Group increased their price objective on Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $911.77.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off?highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.