Imprint Wealth LLC Sells 54 Shares of Caterpillar Inc. (NYSE:CAT)

Imprint Wealth LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 0.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,636 shares of the industrial products company’s stock after selling 54 shares during the quarter. Caterpillar makes up 1.6% of Imprint Wealth LLC’s investment portfolio, making the stock its 12th biggest position. Imprint Wealth LLC’s holdings in Caterpillar were worth $1,962,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Waterway Wealth Management LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $352,000. Farmers Trust Co. boosted its stake in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after acquiring an additional 120 shares in the last quarter. Firethorn Wealth Partners LLC raised its holdings in shares of Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after buying an additional 296 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC raised its holdings in shares of Caterpillar by 7.8% during the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after purchasing an additional 78 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CAT. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday. Sanford C. Bernstein lifted their target price on shares of Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, December 21st. TD Cowen lifted their target price on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, Morgan Stanley began coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Down 0.9 %

NYSE CAT traded down $3.45 on Tuesday, hitting $360.46. 729,742 shares of the stock were exchanged, compared to its average volume of 2,412,230. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a market cap of $180.01 billion, a PE ratio of 17.91, a PEG ratio of 1.63 and a beta of 1.17. The company has a 50-day moving average price of $343.80 and a 200-day moving average price of $295.74.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the previous year, the business posted $3.86 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 21.33 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction 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 sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

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.