KMG Fiduciary Partners LLC Lowers Position in Caterpillar Inc. (NYSE:CAT)

KMG Fiduciary Partners LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 60.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,090 shares of the industrial products company’s stock after selling 6,322 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Caterpillar were worth $1,484,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Occidental Asset Management LLC increased its position in shares of Caterpillar by 5.6% during the fourth quarter. Occidental Asset Management LLC now owns 11,535 shares of the industrial products company’s stock valued at $4,185,000 after acquiring an additional 615 shares during the last quarter. Empirical Asset Management LLC increased its position in shares of Caterpillar by 455.3% during the fourth quarter. Empirical Asset Management LLC now owns 7,624 shares of the industrial products company’s stock valued at $2,766,000 after acquiring an additional 6,251 shares during the last quarter. Constitution Capital LLC increased its position in shares of Caterpillar by 14.9% during the fourth quarter. Constitution Capital LLC now owns 2,318 shares of the industrial products company’s stock valued at $841,000 after acquiring an additional 300 shares during the last quarter. Central Valley Advisors LLC increased its position in shares of Caterpillar by 6.7% during the fourth quarter. Central Valley Advisors LLC now owns 952 shares of the industrial products company’s stock valued at $345,000 after acquiring an additional 60 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its position in shares of Caterpillar by 32.5% during the fourth quarter. Ullmann Wealth Partners Group LLC now owns 2,641 shares of the industrial products company’s stock valued at $958,000 after acquiring an additional 648 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now owns 4,976 shares of the company’s stock, valued at $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock valued at $13,480,389 over the last 90 days. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

CAT has been the subject of a number of recent research reports. Jefferies Financial Group raised their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Robert W. Baird raised their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Truist Financial decreased their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday. Finally, UBS Group raised their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $380.60.

Caterpillar Price Performance

NYSE:CAT opened at $386.03 on Friday. The firm has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a fifty day moving average of $380.09 and a 200 day moving average of $366.76. Caterpillar Inc. has a 52-week low of $277.66 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the previous year, the firm posted $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) is presently 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.