Mine & Arao Wealth Creation & Management LLC. Sells 165 Shares of Caterpillar Inc. (NYSE:CAT)

Mine & Arao Wealth Creation & Management LLC. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,016 shares of the industrial products company’s stock after selling 165 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Caterpillar were worth $732,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in Caterpillar in the 3rd quarter worth $36,000. Albion Financial Group UT lifted its holdings in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 77 shares during the period. Kimelman & Baird LLC raised its position in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC raised its holdings in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares in the company, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,900 shares of company stock worth $13,111,601. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CAT shares. UBS Group boosted their price target on shares of Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial dropped their price objective on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research note on Monday, January 13th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $384.60.

Caterpillar Stock Performance

CAT opened at $375.98 on Friday. Caterpillar Inc. has a twelve month low of $299.93 and a twelve month high of $418.50. The stock has a market cap of $181.52 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The business’s 50 day moving average is $381.68 and its 200-day moving average is $370.78. 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 (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. On average, analysts predict that Caterpillar Inc. will post 21.71 earnings per share for the current 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 paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 26.15%.

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.