LVW Advisors LLC Sells 349 Shares of Caterpillar Inc. (NYSE:CAT)

LVW Advisors LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,265 shares of the industrial products company’s stock after selling 349 shares during the quarter. LVW Advisors LLC’s holdings in Caterpillar were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CAT. Seven Eight Capital LP bought a new stake in Caterpillar during the second quarter worth about $523,000. AE Wealth Management LLC lifted its position in shares of Caterpillar by 24.9% during the second quarter. AE Wealth Management LLC now owns 23,025 shares of the industrial products company’s stock worth $7,670,000 after purchasing an additional 4,589 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Caterpillar by 7.7% during the second quarter. Pacer Advisors Inc. now owns 45,106 shares of the industrial products company’s stock worth $15,025,000 after purchasing an additional 3,211 shares in the last quarter. Sei Investments Co. lifted its position in shares of Caterpillar by 3.4% during the second quarter. Sei Investments Co. now owns 118,189 shares of the industrial products company’s stock worth $39,372,000 after purchasing an additional 3,852 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its position in shares of Caterpillar by 1.8% during the second quarter. Ensign Peak Advisors Inc now owns 208,187 shares of the industrial products company’s stock worth $69,347,000 after purchasing an additional 3,780 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock valued at $13,480,389 over the last quarter. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research report on Monday, January 13th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. Finally, Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $380.60.

Caterpillar Trading Up 1.4 %

CAT opened at $386.03 on Monday. The firm’s fifty day moving average is $380.09 and its two-hundred day moving average 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 Inc. has a twelve month low of $277.66 and a twelve month high of $418.50. The firm has a market cap of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

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

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is 26.15%.

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.