Good Life Advisors LLC Sells 6,829 Shares of Caterpillar Inc. (NYSE:CAT)

Good Life Advisors LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 52.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,279 shares of the industrial products company’s stock after selling 6,829 shares during the quarter. Good Life Advisors LLC’s holdings in Caterpillar were worth $2,278,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new stake in shares of Caterpillar in the fourth quarter valued at about $609,000. Klingman & Associates LLC lifted its holdings in shares of Caterpillar by 4.5% in the fourth quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 30 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Caterpillar by 57.0% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,535 shares of the industrial products company’s stock valued at $8,175,000 after purchasing an additional 8,178 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Caterpillar by 3.2% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,836 shares of the industrial products company’s stock valued at $1,392,000 after purchasing an additional 118 shares in the last quarter. Finally, Kestra Investment Management LLC raised its holdings in Caterpillar by 31.6% during the fourth quarter. Kestra Investment Management LLC now owns 1,323 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 318 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CAT shares. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a research report on Monday, January 13th. DA Davidson increased their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $383.13.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $355.42 on Wednesday. The firm has a market cap of $171.60 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The business’s 50 day moving average is $371.55 and its 200-day moving average is $372.29.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts predict that Caterpillar Inc. will post 19.98 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.59%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.