By otakuyassine3@gmail.com 
Janney Capital Management LLC reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,953 shares of the industrial products company’s stock after selling 660 shares during the quarter. Janney Capital Management LLC’s holdings in Caterpillar were worth $14,856,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Magnus Financial Group LLC boosted its position in Caterpillar by 15.7% during the fourth quarter. Magnus Financial Group LLC now owns 3,652 shares of the industrial products company’s stock worth $1,325,000 after purchasing an additional 496 shares during the period. Albion Financial Group UT boosted its holdings 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 worth $36,000 after buying an additional 77 shares during the period. Advisory Alpha LLC boosted its holdings in shares of Caterpillar by 3.4% during the 4th quarter. Advisory Alpha LLC now owns 4,990 shares of the industrial products company’s stock worth $1,810,000 after buying an additional 163 shares during the period. Dakota Wealth Management boosted its holdings in shares of Caterpillar by 0.6% during the fourth quarter. Dakota Wealth Management now owns 38,581 shares of the industrial products company’s stock worth $13,996,000 after acquiring an additional 228 shares during the period. Finally, Eads & Heald Wealth Management grew its position in shares of Caterpillar by 5.0% in the fourth quarter. Eads & Heald Wealth Management now owns 6,442 shares of the industrial products company’s stock valued at $2,337,000 after purchasing an additional 309 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Caterpillar
In related news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now owns 4,976 shares of the company’s stock, valued at $2,079,968. This trade represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is currently owned by insiders.
Caterpillar Stock Up 0.0 %
CAT stock opened at $398.38 on Wednesday. The stock has a market capitalization of $192.34 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. 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 $287.52 and a 12 month high of $418.50. The firm has a 50-day moving average price of $379.99 and a 200-day moving average price of $368.17.
Caterpillar (NYSE:CAT – Get Free Report) 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 net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the company earned $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.
Caterpillar Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders 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 1.42%. Caterpillar’s dividend payout ratio is presently 26.15%.
Analyst Ratings Changes
Several research firms recently issued reports on CAT. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Citigroup cut their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. UBS Group raised their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Three 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 stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $380.60.
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.
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