Gateway Wealth Partners LLC Sells 144 Shares of Caterpillar Inc. (NYSE:CAT)

Gateway Wealth Partners LLC trimmed its holdings in Caterpillar Inc. (NYSE:CAT) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,662 shares of the industrial products company’s stock after selling 144 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Caterpillar were worth $1,328,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Caterpillar in the 3rd quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the 4th quarter worth about $34,000. Kimelman & Baird LLC increased its holdings in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares in the last quarter. Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its stake in shares of Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 65 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CAT shares. UBS Group boosted their price target on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup cut their price target on Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Robert W. Baird boosted their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average target price of $384.60.

Caterpillar Stock Down 1.2 %

NYSE CAT opened at $390.29 on Wednesday. The stock’s 50 day moving average is $381.27 and its 200 day moving average is $370.23. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12 month low of $297.45 and a 12 month high of $418.50. The stock has a market cap of $188.43 billion, a PE ratio of 18.09, a P/E/G ratio of 1.97 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.52 earnings per share. Research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.45%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at approximately $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 33,868 shares of company stock valued at $13,480,389 in the last ninety days. Corporate insiders own 0.29% of the company’s stock.

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.