Watershed Private Wealth LLC Has $2.11 Million Stake in Caterpillar Inc. (NYSE:CAT)

Watershed Private Wealth LLC lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,825 shares of the industrial products company’s stock after selling 122 shares during the period. Caterpillar makes up 0.8% of Watershed Private Wealth LLC’s portfolio, making the stock its 26th biggest position. Watershed Private Wealth LLC’s holdings in Caterpillar were worth $2,113,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ascent Group LLC lifted its position in Caterpillar by 19.3% in the 2nd quarter. Ascent Group LLC now owns 953 shares of the industrial products company’s stock worth $317,000 after buying an additional 154 shares in the last quarter. Invst LLC acquired a new position in shares of Caterpillar in the second quarter worth $229,000. EP Wealth Advisors LLC raised its holdings in shares of Caterpillar by 11.1% during the second quarter. EP Wealth Advisors LLC now owns 11,632 shares of the industrial products company’s stock worth $3,874,000 after acquiring an additional 1,166 shares in the last quarter. Regency Capital Management Inc. DE grew its stake in Caterpillar by 8.1% in the second quarter. Regency Capital Management Inc. DE now owns 10,996 shares of the industrial products company’s stock valued at $3,663,000 after purchasing an additional 825 shares in the last quarter. Finally, Advisory Alpha LLC increased its position in Caterpillar by 17.1% in the 2nd quarter. Advisory Alpha LLC now owns 4,081 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 595 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now owns 12,951 shares of the company’s stock, valued at $4,906,356.84. The trade was a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock valued at $13,480,389 in the last quarter. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 1.2 %

Shares of CAT stock opened at $390.29 on Wednesday. Caterpillar Inc. has a 12 month low of $297.45 and a 12 month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market cap of $188.43 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The stock has a 50 day moving average of $381.27 and a 200-day moving average of $370.23.

Caterpillar (NYSE:CAT) last released its earnings results 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 for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the company earned $5.52 earnings per share. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The company 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 dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio is 26.15%.

Analysts Set New Price Targets

CAT has been the subject of several recent research reports. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. 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 report on Monday, January 13th. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Finally, UBS Group boosted their price target on Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and an average target price of $384.60.

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.