Seizert Capital Partners LLC Sells 540 Shares of Caterpillar Inc. (NYSE:CAT)

Seizert Capital Partners LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,544 shares of the industrial products company’s stock after selling 540 shares during the period. Seizert Capital Partners LLC’s holdings in Caterpillar were worth $4,188,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter worth $36,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $36,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. Evercore ISI boosted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley lowered their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Performance

CAT opened at $326.45 on Wednesday. The company has a market cap of $156.02 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.87 and a beta of 1.12. The company’s fifty day moving average price is $364.49 and its two-hundred day moving average price is $372.98. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. 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 (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. On average, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.73%. Caterpillar’s payout ratio is currently 25.56%.

Insider Buying and Selling at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was 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 in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Company 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.