Keynote Financial Services LLC Has $1.17 Million Position in Caterpillar Inc. (NYSE:CAT)

Keynote Financial Services LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,219 shares of the industrial products company’s stock after selling 153 shares during the quarter. Keynote Financial Services LLC’s holdings in Caterpillar were worth $1,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CAT. Noble Wealth Management PBC acquired a new stake in Caterpillar in the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the third quarter valued at approximately $36,000. Albion Financial Group UT raised its position in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth $36,000. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

CAT opened at $343.90 on Friday. The stock has a market cap of $164.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $365.99 and a 200 day simple moving average of $372.95.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s payout ratio is currently 25.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson lifted 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. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Finally, Truist Financial dropped their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $383.80.

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.