Fiduciary Financial Group LLC Has $642,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Fiduciary Financial Group LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,829 shares of the industrial products company’s stock after selling 29 shares during the period. Fiduciary Financial Group LLC’s holdings in Caterpillar were worth $642,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wallace Advisory Group LLC grew its position in shares of Caterpillar by 9.5% in the 4th quarter. Wallace Advisory Group LLC now owns 992 shares of the industrial products company’s stock valued at $388,000 after purchasing an additional 86 shares during the period. 180 Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 0.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 3,808 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 35 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Caterpillar by 14.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 1,358 shares of the industrial products company’s stock worth $493,000 after acquiring an additional 176 shares in the last quarter. MRA Advisory Group raised its holdings in shares of Caterpillar by 2.1% during the fourth quarter. MRA Advisory Group now owns 1,534 shares of the industrial products company’s stock worth $556,000 after acquiring an additional 31 shares during the period. Finally, Arbor Wealth Advisors LLC boosted its stake in Caterpillar by 4.3% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,437 shares of the industrial products company’s stock worth $884,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. UBS Group upped their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their price objective 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. 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 note on Monday, December 9th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $381.67.

Caterpillar Trading Up 2.3 %

Shares of CAT stock opened at $370.79 on Wednesday. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50. The stock’s fifty day moving average price is $381.63 and its two-hundred day moving average price is $366.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a market cap of $179.02 billion, a PE ratio of 17.19, a P/E/G ratio of 1.88 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.52 EPS. Equities analysts predict that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business 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 is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.52%. Caterpillar’s dividend payout ratio is currently 26.15%.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is currently owned by insiders.

Caterpillar 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.