Good Life Advisors LLC Sells 6,829 Shares of Caterpillar Inc. (NYSE:CAT)

Good Life Advisors LLC lowered its position in Caterpillar Inc. (NYSE:CAT) by 52.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,279 shares of the industrial products company’s stock after selling 6,829 shares during the quarter. Good Life Advisors LLC’s holdings in Caterpillar were worth $2,278,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CAT. Goldstone Financial Group LLC bought a new position in shares of Caterpillar during the 3rd quarter worth approximately $619,000. Allspring Global Investments Holdings LLC lifted its position in shares of Caterpillar by 9.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,400 shares of the industrial products company’s stock worth $43,571,000 after buying an additional 9,572 shares during the period. Trilogy Capital Inc. lifted its position in shares of Caterpillar by 4.9% during the 3rd quarter. Trilogy Capital Inc. now owns 732 shares of the industrial products company’s stock worth $286,000 after buying an additional 34 shares during the period. Integrity Wealth Solutions LLC bought a new position in shares of Caterpillar during the 3rd quarter worth approximately $243,000. Finally, Waterway Wealth Management LLC lifted its position in shares of Caterpillar by 9.4% during the 3rd quarter. Waterway Wealth Management LLC now owns 1,636 shares of the industrial products company’s stock worth $640,000 after buying an additional 141 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.6 %

NYSE:CAT opened at $355.42 on Wednesday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $171.60 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.88 and a beta of 1.12. The stock’s fifty day simple moving average is $371.55 and its 200-day simple moving average is $372.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts expect that Caterpillar Inc. will post 19.98 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.59%. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley cut their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $383.13.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The shares were acquired 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. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

About Caterpillar

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.