626 Financial LLC Sells 45 Shares of Caterpillar Inc. (NYSE:CAT)

626 Financial LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,032 shares of the industrial products company’s stock after selling 45 shares during the quarter. 626 Financial LLC’s holdings in Caterpillar were worth $737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at $36,000. Kimelman & Baird LLC increased its stake in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares during the period. Finally, HWG Holdings LP acquired a new stake in shares of Caterpillar during the second quarter worth $54,000. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,868 shares of company stock worth $9,679,489 over the last quarter. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

NYSE:CAT opened at $370.79 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $179.02 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.88 and a beta of 1.13. Caterpillar Inc. has a 12 month low of $276.94 and a 12 month high of $418.50. The business’s 50-day moving average is $381.63 and its 200 day moving average is $366.20.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share 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 analysts’ expectations of $16.37 billion. During the same quarter in the previous year, the company posted $5.52 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group lifted their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research report on Monday. Finally, Truist Financial upped their target price on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $381.67.

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.