Caterpillar Inc. (NYSE:CAT) Shares Sold by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 70.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 864 shares of the industrial products company’s stock after selling 2,032 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Caterpillar were worth $255,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in Caterpillar by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company’s stock valued at $2,408,481,000 after buying an additional 179,908 shares during the period. Northern Trust Corp lifted its holdings in shares of Caterpillar by 1.6% in the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after acquiring an additional 111,384 shares during the last quarter. Morgan Stanley boosted its position in shares of Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after purchasing an additional 47,258 shares during the period. FMR LLC increased its holdings in Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CAT. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Truist Financial began coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. TD Cowen raised their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $323.35.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan bought 350 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Caterpillar news, Director David Maclennan bought 350 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Up 0.4 %

NYSE CAT traded up $1.31 during mid-day trading on Friday, reaching $336.75. 1,977,087 shares of the company’s stock traded hands, compared to its average volume of 2,750,444. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The company has a fifty day simple moving average of $351.89 and a 200-day simple moving average of $303.33. The company has a market cap of $164.69 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. As a group, equities research analysts expect that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

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.