Sterling Financial Planning Inc. Has $249,000 Stake in Caterpillar Inc. (NYSE:CAT)

Sterling Financial Planning Inc. decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 11.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 841 shares of the industrial products company’s stock after selling 109 shares during the period. Sterling Financial Planning Inc.’s holdings in Caterpillar were worth $249,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CAT. BCK Partners Inc. bought a new position in shares of Caterpillar during the 1st quarter worth approximately $2,580,000. Sei Investments Co. grew its stake in shares of Caterpillar by 17.3% during the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock worth $14,634,000 after purchasing an additional 9,695 shares during the period. Dakota Wealth Management acquired a new position in Caterpillar in the first quarter valued at about $405,000. Mather Group LLC. lifted its holdings in shares of Caterpillar by 6.8% in the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 165 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Caterpillar by 4.4% in the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after purchasing an additional 2,076 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.1 %

Shares of Caterpillar stock traded down $0.39 on Thursday, reaching $357.93. The company’s stock had a trading volume of 1,919,696 shares, compared to its average volume of 2,434,640. The company has a market capitalization of $178.75 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. 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 firm’s fifty day simple moving average is $345.24 and its two-hundred day simple moving average is $296.78.

Caterpillar (NYSE:CAT) last released its earnings results 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. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. Caterpillar’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.86 earnings per share. Equities analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. Caterpillar’s payout ratio is 25.82%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup increased their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company increased their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, Truist Financial started coverage on Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.56.

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.