Caterpillar Inc. (NYSE:CAT) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,289 shares of the industrial products company’s stock after selling 736 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Caterpillar were worth $6,358,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. BCK Partners Inc. acquired a new position in Caterpillar in the 1st quarter valued at about $2,580,000. Sei Investments Co. increased its holdings in shares of Caterpillar by 17.3% in the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after purchasing an additional 9,695 shares during the period. Dakota Wealth Management purchased a new stake in shares of Caterpillar during the first quarter worth approximately $405,000. Mather Group LLC. lifted its holdings in shares of Caterpillar by 6.8% during the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock worth $577,000 after purchasing an additional 165 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Caterpillar by 4.4% during the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock worth $11,075,000 after purchasing an additional 2,076 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lowered their target price on shares of Caterpillar from $323.00 to $297.00 in a report on Wednesday, October 11th. Tigress Financial lifted their price objective on Caterpillar from $282.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. The Goldman Sachs Group lifted their price objective on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday. Stifel Nicolaus lifted their price target on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, JPMorgan Chase & Co. lifted their price target on Caterpillar from $315.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $277.21.

Check Out Our Latest Stock Report on CAT

Caterpillar Trading Down 0.1 %

Shares of NYSE:CAT traded down $0.24 during trading on Tuesday, reaching $321.16. The stock had a trading volume of 1,865,507 shares, compared to its average volume of 2,861,293. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $334.87. The business has a fifty day moving average price of $284.53 and a 200-day moving average price of $271.97. The stock has a market cap of $163.50 billion, a P/E ratio of 18.26, a PEG ratio of 1.19 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 1.45 and a debt-to-equity ratio of 1.18.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.29% and a net margin of 13.69%. The company 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. Caterpillar’s revenue was up 2.8% on a year-over-year basis. As a group, analysts anticipate that Caterpillar Inc. will post 20.59 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 29.46%.

Caterpillar Company 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 the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, 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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