Dumont & Blake Investment Advisors LLC Lowers Holdings in Caterpillar Inc. (NYSE:CAT)

Dumont & Blake Investment Advisors LLC reduced its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,499 shares of the industrial products company’s stock after selling 115 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Caterpillar were worth $1,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC raised its stake in Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after buying an additional 36 shares in the last quarter. ACT Wealth Management LLC raised its stake in Caterpillar by 4.3% in the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after buying an additional 36 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Caterpillar by 6.6% during the second quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 37 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 37 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC increased its position in shares of Caterpillar by 2.0% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,916 shares of the industrial products company’s stock worth $567,000 after purchasing an additional 38 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 in the last ninety days. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. TD Cowen raised their price target on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. Finally, Citigroup raised their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average target price of $297.89.

View Our Latest Research Report on CAT

Caterpillar Price Performance

Shares of CAT stock traded up $8.39 during midday trading on Wednesday, reaching $373.22. 1,590,172 shares of the company traded hands, compared to its average volume of 2,438,403. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $373.54. The firm has a market cap of $186.39 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17. The firm’s 50 day simple moving average is $331.80 and its two-hundred day simple moving average is $289.64.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same period in the previous year, the firm posted $3.86 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Caterpillar 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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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