Koshinski Asset Management Inc. Decreases Stock Position in Caterpillar Inc. (NYSE:CAT)

Koshinski Asset Management Inc. cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,585 shares of the industrial products company’s stock after selling 206 shares during the quarter. Caterpillar accounts for about 0.0% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 29th largest holding. Koshinski Asset Management Inc.’s holdings in Caterpillar were worth $7,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Hoese & Co LLP purchased a new position in shares of Caterpillar in the fourth quarter valued at about $57,000. Cove Private Wealth LLC bought a new stake in shares of Caterpillar in the fourth quarter worth about $511,000. Zhang Financial LLC raised its position in Caterpillar by 8.7% during the 4th quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company’s stock valued at $3,322,000 after purchasing an additional 736 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Caterpillar by 1.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 56,875 shares of the industrial products company’s stock worth $20,632,000 after buying an additional 561 shares during the period. Finally, Corundum Group Inc. grew its position in shares of Caterpillar by 70.6% in the 4th quarter. Corundum Group Inc. now owns 5,592 shares of the industrial products company’s stock worth $2,029,000 after buying an additional 2,314 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Up 1.4 %

NYSE:CAT opened at $386.03 on Tuesday. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company’s 50 day moving average price is $380.09 and its 200-day moving average price is $367.29. Caterpillar Inc. has a 52 week low of $277.66 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the business posted $5.52 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Bank of America increased their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Citigroup cut their price objective on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $380.60.

Insider Activity

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock valued at $13,480,389 in the last 90 days. 0.29% of the stock is currently owned by insiders.

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.