Caterpillar Inc. (NYSE:CAT) Shares Sold by WR Wealth Planners LLC

WR Wealth Planners LLC reduced its holdings in Caterpillar Inc. (NYSE:CAT) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,285 shares of the industrial products company’s stock after selling 304 shares during the period. Caterpillar comprises 1.1% of WR Wealth Planners LLC’s holdings, making the stock its 16th largest position. WR Wealth Planners LLC’s holdings in Caterpillar were worth $3,368,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new position in Caterpillar during the third quarter worth approximately $123,000. ForthRight Wealth Management LLC purchased a new stake in Caterpillar in the third quarter valued at $228,000. Pacific Wealth Strategies Group Inc. raised its position in Caterpillar by 2.2% in the third quarter. Pacific Wealth Strategies Group Inc. now owns 5,832 shares of the industrial products company’s stock valued at $2,281,000 after purchasing an additional 123 shares during the period. Stephens Inc. AR raised its position in Caterpillar by 1.6% in the third quarter. Stephens Inc. AR now owns 91,532 shares of the industrial products company’s stock valued at $35,800,000 after purchasing an additional 1,459 shares during the period. Finally, Penobscot Wealth Management purchased a new stake in Caterpillar in the third quarter valued at $205,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CAT shares. Truist Financial reduced their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Finally, Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Up 1.1 %

Shares of NYSE CAT opened at $343.90 on Friday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a market cap of $164.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.87 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. The stock has a fifty day moving average price of $365.99 and a 200 day moving average price of $372.71.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.64%. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate 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.