Caterpillar Inc. (NYSE:CAT) Shares Sold by 1900 Wealth Management LLC

1900 Wealth Management LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 10.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,695 shares of the industrial products company’s stock after selling 410 shares during the quarter. 1900 Wealth Management LLC’s holdings in Caterpillar were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gilfoyle & Co LLC bought a new stake in Caterpillar during the 4th quarter valued at $30,000. Fortitude Family Office LLC bought a new stake in Caterpillar during the 4th quarter valued at $39,000. Authentikos Wealth Advisory LLC bought a new stake in Caterpillar during the 3rd quarter valued at $41,000. Rational Advisors LLC bought a new stake in Caterpillar during the 3rd quarter valued at $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock traded up $6.11 during trading hours on Tuesday, hitting $363.72. The stock had a trading volume of 737,233 shares, compared to its average volume of 2,414,057. The company has a 50-day moving average of $347.42 and a two-hundred day moving average of $298.90. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The company has a market cap of $181.64 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the company posted $3.86 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $307.56.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 in the last three months. Insiders own 0.33% of the company’s stock.

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.