Avantax Planning Partners Inc. Decreases Position in Caterpillar Inc. (NYSE:CAT)

Avantax Planning Partners Inc. cut its stake in Caterpillar Inc. (NYSE:CATFree Report) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,718 shares of the industrial products company’s stock after selling 100 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Caterpillar were worth $1,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WealthPlan Investment Management LLC raised its holdings in Caterpillar by 25,408.0% in the 3rd quarter. WealthPlan Investment Management LLC now owns 6,377 shares of the industrial products company’s stock valued at $1,741,000 after acquiring an additional 6,352 shares during the last quarter. Main Street Financial Solutions LLC acquired a new stake in Caterpillar in the 3rd quarter valued at about $231,000. NBC Securities Inc. acquired a new stake in Caterpillar in the 3rd quarter valued at about $1,835,000. Achmea Investment Management B.V. increased its holdings in shares of Caterpillar by 5.2% during the 3rd quarter. Achmea Investment Management B.V. now owns 37,746 shares of the industrial products company’s stock worth $10,305,000 after buying an additional 1,856 shares during the last quarter. Finally, Breakwater Capital Group increased its holdings in shares of Caterpillar by 12.9% during the 3rd quarter. Breakwater Capital Group now owns 1,666 shares of the industrial products company’s stock worth $455,000 after buying an additional 190 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 0.3 %

NYSE:CAT traded down $1.18 during midday trading on Friday, hitting $349.52. 1,422,068 shares of the company were exchanged, compared to its average volume of 2,462,756. The company has a fifty day simple moving average of $356.94 and a 200 day simple moving average of $313.62. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $170.93 billion, a PE ratio of 15.83, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company 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%. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.81 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were paid a $1.30 dividend. The ex-dividend date was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.49%. Caterpillar’s dividend payout ratio is presently 23.48%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the sale, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CAT. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. TD Cowen increased their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Robert W. Baird increased their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $323.35.

View Our Latest Research Report on Caterpillar

Caterpillar Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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