Caterpillar Inc. (NYSE:CAT) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,585 shares of the industrial products company’s stock after selling 245 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Caterpillar were worth $4,810,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Signet Financial Management LLC boosted its holdings in shares of Caterpillar by 0.5% in the 1st quarter. Signet Financial Management LLC now owns 24,059 shares of the industrial products company’s stock valued at $7,935,000 after buying an additional 111 shares during the period. Octavia Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 21.3% in the 1st quarter. Octavia Wealth Advisors LLC now owns 774 shares of the industrial products company’s stock valued at $255,000 after buying an additional 136 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Caterpillar by 2.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 16,382 shares of the industrial products company’s stock valued at $5,403,000 after buying an additional 461 shares during the period. Cetera Trust Company N.A boosted its holdings in shares of Caterpillar by 512.3% in the 1st quarter. Cetera Trust Company N.A now owns 2,198 shares of the industrial products company’s stock valued at $725,000 after buying an additional 1,839 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Caterpillar by 41.6% in the 1st quarter. Farther Finance Advisors LLC now owns 11,843 shares of the industrial products company’s stock valued at $3,915,000 after buying an additional 3,481 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on CAT shares. Wall Street Zen lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Robert W. Baird upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $309.00 to $395.00 in a research report on Tuesday, May 13th. Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Bank of America lifted their price objective on shares of Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Finally, Truist Financial reiterated a “buy” rating and issued a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $372.92.

Caterpillar Stock Up 0.2%

Caterpillar stock opened at $358.70 on Wednesday. The stock has a market cap of $168.96 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.87 and a beta of 1.37. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $322.25 and its two-hundred day moving average price is $349.19. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $5.60 EPS. On average, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were paid a $1.41 dividend. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.57%. Caterpillar’s dividend payout ratio is currently 27.49%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan acquired 375 shares of the stock in a transaction dated Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now directly owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.