V Wealth Advisors LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT – Get Rating) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,912 shares of the industrial products company's stock after selling 2,856 shares during the quarter. V Wealth Advisors LLC's holdings in Caterpillar were worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Curi Wealth Management LLC grew its position in shares of Caterpillar by 289.7% in the 2nd quarter. Curi Wealth Management LLC now owns 152 shares of the industrial products company's stock worth $27,000 after buying an additional 113 shares during the last quarter. Castle Wealth Management LLC acquired a new position in shares of Caterpillar during the second quarter worth $33,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of Caterpillar during the 3rd quarter valued at $33,000. Investors Research Corp acquired a new stake in shares of Caterpillar in the 2nd quarter worth $37,000. Finally, Leelyn Smith LLC grew its stake in Caterpillar by 51.0% during the 2nd quarter. Leelyn Smith LLC now owns 216 shares of the industrial products company's stock worth $39,000 after buying an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 68.02% of the company's stock.
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Insider Activity at Caterpillar
In other news, General Counsel Suzette M. Long sold 1,884 shares of the firm's stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $237.28, for a total value of $447,035.52. Following the transaction, the general counsel now owns 8,665 shares in the company, valued at $2,056,031.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Joseph E. Creed sold 18,294 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $249.00, for a total value of $4,555,206.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Suzette M. Long sold 1,884 shares of the company's stock in a transaction on Friday, November 11th. The shares were sold at an average price of $237.28, for a total value of $447,035.52. Following the completion of the sale, the general counsel now owns 8,665 shares of the company's stock, valued at $2,056,031.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,915 shares of company stock valued at $13,452,445. 0.27% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
CAT has been the topic of a number of research analyst reports. Cowen boosted their price target on Caterpillar from $240.00 to $264.00 in a research note on Friday, December 9th. Wells Fargo & Company upped their price target on shares of Caterpillar from $218.00 to $228.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 10th. Morgan Stanley lifted their price objective on shares of Caterpillar from $174.00 to $190.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 14th. Credit Suisse Group upped their target price on Caterpillar from $236.00 to $255.00 and gave the company an "outperform" rating in a research report on Friday, October 28th. Finally, Daiwa Capital Markets boosted their price target on Caterpillar to $205.00 in a research note on Tuesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $241.00.
Caterpillar Price Performance
Shares of Caterpillar stock opened at $257.61 on Wednesday. The firm has a market cap of $134.06 billion, a PE ratio of 18.71, a P/E/G ratio of 1.38 and a beta of 1.11. The business has a 50-day moving average price of $239.91 and a 200 day moving average price of $207.21. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 1.63. Caterpillar Inc. has a twelve month low of $160.60 and a twelve month high of $260.50.
Caterpillar (NYSE:CAT – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The industrial products company reported $3.95 EPS for the quarter, beating analysts' consensus estimates of $3.19 by $0.76. Caterpillar had a return on equity of 41.76% and a net margin of 13.02%. The business had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $14.34 billion. Sell-side analysts predict that Caterpillar Inc. will post 13.85 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 20th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Thursday, January 19th. This represents a $4.80 annualized dividend and a dividend yield of 1.86%. Caterpillar's dividend payout ratio (DPR) is presently 34.86%.
Caterpillar Company Profile
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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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