McKinley Carter Wealth Services Inc. Has $3.32 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

McKinley Carter Wealth Services Inc. lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,154 shares of the industrial products company’s stock after selling 180 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Caterpillar were worth $3,321,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Caterpillar by 4.3% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 846 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 35 shares during the last quarter. Foster Group Inc. lifted its stake in Caterpillar by 20.4% in the 4th quarter. Foster Group Inc. now owns 1,281 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 217 shares during the last quarter. Fulton Breakefield Broenniman LLC boosted its position in Caterpillar by 1.6% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 1,854 shares of the industrial products company’s stock valued at $672,000 after buying an additional 30 shares in the last quarter. NorthStar Asset Management LLC NJ acquired a new position in shares of Caterpillar during the fourth quarter worth $369,000. Finally, Orca Wealth Management LLC bought a new position in shares of Caterpillar in the 4th quarter valued at $1,190,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Down 1.2 %

Shares of Caterpillar stock opened at $390.29 on Wednesday. The stock’s 50-day moving average is $381.27 and its 200 day moving average is $370.23. Caterpillar Inc. has a one year low of $297.45 and a one year high of $418.50. The firm has a market cap of $188.43 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last posted its quarterly 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the company posted $5.52 earnings per share. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research report on Monday, January 13th. Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $384.60.

Insider Activity

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,868 shares of company stock worth $13,480,389. Company insiders own 0.29% of the company’s stock.

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.