Pinnacle Wealth Management Advisory Group LLC Sells 184 Shares of Caterpillar Inc. (NYSE:CAT)

Pinnacle Wealth Management Advisory Group LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,553 shares of the industrial products company’s stock after selling 184 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Caterpillar were worth $1,051,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service lifted its holdings in Caterpillar by 2.3% in the fourth quarter. National Pension Service now owns 903,806 shares of the industrial products company’s stock valued at $267,228,000 after buying an additional 20,516 shares during the period. Everpar Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $681,000. Gryphon Financial Partners LLC increased its holdings in Caterpillar by 6.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,496 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 92 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its stake in Caterpillar by 23.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,101 shares of the industrial products company’s stock valued at $326,000 after buying an additional 210 shares during the period. Finally, Cherry Tree Wealth Management LLC boosted its holdings in shares of Caterpillar by 12.7% during the 4th quarter. Cherry Tree Wealth Management LLC now owns 445 shares of the industrial products company’s stock worth $132,000 after buying an additional 50 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT traded down $0.51 during trading on Wednesday, reaching $344.49. The company’s stock had a trading volume of 2,260,344 shares, compared to its average volume of 2,500,247. The firm has a market cap of $168.47 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. 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 50 day moving average of $352.87 and a 200-day moving average of $305.22.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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 business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Research analysts expect that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, Director David Maclennan bought 350 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred 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 directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CAT. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. raised their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. TD Cowen raised their price objective on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $323.35.

About Caterpillar

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.