Fourpath Capital Management LLC Sells 527 Shares of Caterpillar Inc. (NYSE:CAT)

Fourpath Capital Management LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,108 shares of the industrial products company’s stock after selling 527 shares during the period. Caterpillar accounts for 1.2% of Fourpath Capital Management LLC’s holdings, making the stock its 20th biggest holding. Fourpath Capital Management LLC’s holdings in Caterpillar were worth $6,569,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CAT. Optas LLC increased its stake in shares of Caterpillar by 5.9% in the fourth quarter. Optas LLC now owns 1,372 shares of the industrial products company’s stock valued at $498,000 after buying an additional 77 shares during the period. Financial Life Planners acquired a new stake in Caterpillar during the 4th quarter valued at approximately $83,000. Jennison Associates LLC raised its holdings in Caterpillar by 2.0% during the 4th quarter. Jennison Associates LLC now owns 250,759 shares of the industrial products company’s stock worth $90,965,000 after purchasing an additional 4,976 shares during the last quarter. Lazari Capital Management Inc. lifted its position in shares of Caterpillar by 2.6% in the 4th quarter. Lazari Capital Management Inc. now owns 1,443 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 36 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in shares of Caterpillar by 3.7% during the fourth quarter. Resonant Capital Advisors LLC now owns 1,826 shares of the industrial products company’s stock worth $662,000 after buying an additional 65 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,236 shares of company stock worth $12,102,371 in the last 90 days. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 2.6 %

Shares of NYSE:CAT opened at $361.62 on Tuesday. The stock has a market cap of $174.59 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.95 and a beta of 1.12. The business’s 50 day moving average is $380.88 and its 200 day moving average is $371.17. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts forecast that Caterpillar Inc. will post 21.45 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.56%. Caterpillar’s dividend payout ratio is currently 25.56%.

Analysts Set New Price Targets

A number of brokerages have commented on CAT. Bank of America cut their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $381.00.

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.