CreativeOne Wealth LLC Sells 1,960 Shares of Caterpillar Inc. (NYSE:CAT)

CreativeOne Wealth LLC trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,170 shares of the industrial products company’s stock after selling 1,960 shares during the period. CreativeOne Wealth LLC’s holdings in Caterpillar were worth $2,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Caterpillar in the fourth quarter worth about $2,184,364,000. Raymond James Financial Inc. purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $353,231,000. Proficio Capital Partners LLC grew its holdings in shares of Caterpillar by 50,072.7% in the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after purchasing an additional 803,166 shares in the last quarter. APG Asset Management N.V. increased its position in Caterpillar by 1,278.6% in the fourth quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after purchasing an additional 408,678 shares during the last quarter. Finally, Amundi raised its stake in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock valued at $782,109,000 after purchasing an additional 318,891 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction on 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 owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade 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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAT. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Citigroup lowered their price objective on Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley lowered their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $365.87.

Caterpillar Trading Up 1.6 %

Shares of NYSE CAT opened at $298.07 on Tuesday. The firm has a market cap of $142.46 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The business has a fifty day simple moving average of $332.75 and a two-hundred day simple moving average of $366.35.

Caterpillar (NYSE:CAT) last posted its 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 net margin of 16.65% and a return on equity of 58.18%. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.89%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.