Koshinski Asset Management Inc. Has $7.11 Million Stake in Caterpillar Inc. (NYSE:CAT)

Koshinski Asset Management Inc. cut its stake in Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,585 shares of the industrial products company’s stock after selling 206 shares during the quarter. Caterpillar accounts for about 0.0% of Koshinski Asset Management Inc.’s portfolio, making the stock its 29th biggest position. Koshinski Asset Management Inc.’s holdings in Caterpillar were worth $7,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Caterpillar in the 4th quarter valued at about $34,000. Fairscale Capital LLC bought a new position in shares of Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar during the third quarter valued at approximately $36,000. Kimelman & Baird LLC lifted its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its stake in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the sale, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research note on Monday, January 13th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. UBS Group upped their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Finally, Truist Financial decreased their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $380.60.

Caterpillar Trading Up 1.4 %

Caterpillar stock opened at $386.03 on Tuesday. The stock has a market cap of $186.38 billion, a P/E ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The firm’s fifty day moving average price is $380.09 and its 200-day moving average price is $367.29. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.52 EPS. Equities research analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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 issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

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.