Bogart Wealth LLC Sells 1,326 Shares of Caterpillar Inc. (NYSE:CAT)

Bogart Wealth LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 2.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 45,165 shares of the industrial products company’s stock after selling 1,326 shares during the quarter. Caterpillar makes up about 0.7% of Bogart Wealth LLC’s holdings, making the stock its 21st biggest holding. Bogart Wealth LLC’s holdings in Caterpillar were worth $13,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC grew its position in shares of Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. Winslow Capital Management LLC increased its position in Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the period. FMR LLC boosted its position in Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Caterpillar by 19.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company’s stock worth $947,875,000 after purchasing an additional 529,420 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Caterpillar by 5,293.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after buying an additional 473,416 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 500 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now owns 5,738 shares of the company’s stock, valued at approximately $1,935,943.82. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Maclennan bought 500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the transaction, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $4.78 during midday trading on Thursday, reaching $349.28. 367,062 shares of the company’s stock traded hands, compared to its average volume of 2,475,523. The company has a market cap of $170.82 billion, a P/E ratio of 15.65, a PEG ratio of 1.44 and a beta of 1.19. The company has a fifty day simple moving average of $352.87 and a two-hundred day simple moving average of $305.22. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. Equities analysts predict that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.49%. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

Several research analysts recently commented on CAT shares. Truist Financial initiated coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price target for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. TD Cowen lifted their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group upped their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $323.35.

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.