Caterpillar Inc. (NYSE:CAT) Shares Sold by Pure Portfolios Holdings LLC

Pure Portfolios Holdings LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 596 shares of the industrial products company’s stock after selling 50 shares during the period. Pure Portfolios Holdings LLC’s holdings in Caterpillar were worth $216,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $117,000. Monument Capital Management lifted its holdings in Caterpillar by 0.3% in the 4th quarter. Monument Capital Management now owns 14,924 shares of the industrial products company’s stock valued at $5,414,000 after purchasing an additional 42 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Caterpillar by 14.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,650 shares of the industrial products company’s stock worth $2,050,000 after purchasing an additional 704 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Caterpillar by 0.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,656 shares of the industrial products company’s stock valued at $3,503,000 after buying an additional 84 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in shares of Caterpillar by 1.7% during the fourth quarter. Valmark Advisers Inc. now owns 3,327 shares of the industrial products company’s stock valued at $1,207,000 after buying an additional 55 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 0.1 %

Shares of Caterpillar stock opened at $353.31 on Monday. The company has a fifty day moving average price of $372.47 and a 200 day moving average price of $372.14. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The stock has a market cap of $170.58 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts forecast that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar’s payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CAT. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. DA Davidson upped their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. Finally, Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $383.13.

Caterpillar 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.