Caterpillar Inc. (NYSE:CAT) Holdings Cut by FSA Wealth Management LLC

FSA Wealth Management LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350 shares of the industrial products company’s stock after selling 139 shares during the period. FSA Wealth Management LLC’s holdings in Caterpillar were worth $127,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $2,184,364,000. Capital Research Global Investors lifted its position in Caterpillar by 69.3% during the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company’s stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC grew its holdings in Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after buying an additional 803,166 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of Caterpillar by 1,278.6% during the fourth quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after buying an additional 408,678 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

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

Caterpillar Trading Down 3.4 %

NYSE CAT opened at $284.31 on Tuesday. The company has a market capitalization of $135.88 billion, a PE ratio of 12.88, a P/E/G ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The stock has a 50-day simple moving average of $325.73 and a 200 day simple moving average of $362.79. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.98%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAT shares. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Truist Financial lowered their price target on Caterpillar from $438.00 to $389.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.36.

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.