Intellectus Partners LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 4.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,022 shares of the industrial products company’s stock after selling 417 shares during the quarter. Intellectus Partners LLC’s holdings in Caterpillar were worth $1,185,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Prestige Wealth Management Group LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $27,000. FNY Investment Advisers LLC acquired a new position in Caterpillar during the 4th quarter worth approximately $29,000. Savior LLC acquired a new position in Caterpillar during the 4th quarter worth approximately $36,000. Private Ocean LLC boosted its position in Caterpillar by 62.9% during the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Finally, G&S Capital LLC acquired a new position in Caterpillar during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 64.96% of the company’s stock.
In related news, insider Denise C. Johnson sold 68,993 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $146.37, for a total value of $10,098,505.41. Also, CAO Gary Michael Marvel sold 2,180 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total value of $303,848.40. Following the completion of the sale, the chief accounting officer now owns 2,180 shares in the company, valued at approximately $303,848.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,122 shares of company stock worth $13,083,041. 0.37% of the stock is owned by company insiders.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.16). Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The business had revenue of $12.76 billion during the quarter, compared to the consensus estimate of $13.49 billion. During the same quarter last year, the company posted $2.86 EPS. The firm’s revenue was down 5.6% on a year-over-year basis. On average, sell-side analysts predict that Caterpillar Inc. will post 10.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.
A number of research firms have weighed in on CAT. Standpoint Research downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price target on Caterpillar from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Credit Suisse Group increased their price objective on Caterpillar from $150.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Royal Bank of Canada reissued a “hold” rating and issued a $152.00 price objective on shares of Caterpillar in a report on Monday. Finally, ValuEngine raised Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $148.24.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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