Caterpillar Inc. (NYSE:CAT) Shares Sold by Tsfg LLC

Tsfg LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 56.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 229 shares of the industrial products company’s stock after selling 300 shares during the period. Tsfg LLC’s holdings in Caterpillar were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Fairscale Capital LLC acquired a new position in Caterpillar during the 2nd quarter worth $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter worth about $36,000. Kimelman & Baird LLC grew its position in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares in the last quarter. HWG Holdings LP acquired a new position in Caterpillar during the 2nd quarter valued at about $54,000. Finally, SOA Wealth Advisors LLC. raised its position in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after buying an additional 50 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 23,868 shares of company stock worth $9,679,489 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CAT. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup boosted their price objective on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Truist Financial lifted their target price on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $384.33.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $362.82 on Tuesday. Caterpillar Inc. has a 12 month low of $276.94 and a 12 month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market cap of $175.17 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The business has a fifty day simple moving average of $381.88 and a 200-day simple moving average of $365.94.

Caterpillar (NYSE:CAT) last released its 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 for 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 company’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.52 EPS. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

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.