Stokes Family Office LLC Sells 523 Shares of Caterpillar Inc. (NYSE:CAT)

Stokes Family Office LLC lessened its stake in Caterpillar Inc. (NYSE:CAT) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the industrial products company’s stock after selling 523 shares during the period. Stokes Family Office LLC’s holdings in Caterpillar were worth $444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at $39,000. DiNuzzo Private Wealth Inc. purchased a new stake in Caterpillar during the 4th quarter valued at $41,000. Authentikos Wealth Advisory LLC purchased a new stake in Caterpillar during the 3rd quarter valued at $41,000. Finally, Rational Advisors LLC purchased a new stake in Caterpillar during the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT traded up $1.31 during mid-day trading on Friday, reaching $336.75. The stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. The business has a fifty day moving average of $351.89 and a 200 day moving average of $303.11. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The firm has a market cap of $164.69 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Equities analysts predict that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

Insider Activity

In other news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Maclennan bought 350 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAT shares. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. HSBC increased their price target on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Robert W. Baird upped their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Finally, Truist Financial initiated coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $323.35.

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.