J.W. Cole Advisors Inc. Decreases Stake in Caterpillar Inc. (NYSE:CAT)


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J.W. Cole Advisors Inc. reduced its position in Caterpillar Inc. (NYSE:CAT) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,807 shares of the industrial products company’s stock after selling 46 shares during the period. J.W. Cole Advisors Inc.’s holdings in Caterpillar were worth $1,578,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CAT. Brand Asset Management Group Inc. purchased a new position in Caterpillar in the 1st quarter valued at about $26,000. IronBridge Private Wealth LLC purchased a new position in Caterpillar in the 4th quarter valued at about $30,000. HBC Financial Services PLLC purchased a new position in Caterpillar in the 4th quarter valued at about $31,000. Flagship Private Wealth LLC purchased a new position in Caterpillar in the 4th quarter valued at about $32,000. Finally, Wolff Wiese Magana LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $33,000. 67.48% of the stock is owned by institutional investors.

In related news, insider Denise C. Johnson sold 80,695 shares of the firm’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.82, for a total transaction of $17,738,374.90. Following the completion of the transaction, the insider now owns 38,945 shares of the company’s stock, valued at $8,560,889.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Gary Michael Marvel sold 5,056 shares of Caterpillar stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $220.97, for a total value of $1,117,224.32. Following the transaction, the chief accounting officer now directly owns 5,623 shares in the company, valued at $1,242,514.31. The disclosure for this sale can be found here. Insiders have sold 145,062 shares of company stock worth $31,884,447 in the last quarter. Company insiders own 0.31% of the company’s stock.

Several equities analysts have recently commented on CAT shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Caterpillar from $232.00 to $259.00 and gave the stock a “buy” rating in a research report on Monday, April 19th. Citigroup increased their price target on shares of Caterpillar from $205.00 to $245.00 in a research report on Tuesday, March 16th. Vertical Research started coverage on shares of Caterpillar in a research report on Wednesday, January 20th. They set a “buy” rating and a $230.00 price target on the stock. Barclays increased their price target on shares of Caterpillar from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Finally, Jefferies Financial Group increased their price target on shares of Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Friday, January 15th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $205.37.

Shares of CAT stock opened at $228.17 on Tuesday. Caterpillar Inc. has a 1 year low of $100.22 and a 1 year high of $237.78. The firm has a market capitalization of $124.42 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. The stock has a fifty day moving average of $229.81 and a two-hundred day moving average of $196.91. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 29th. The industrial products company reported $2.87 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.94. The business had revenue of $11.89 billion during the quarter, compared to the consensus estimate of $11 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.60 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 5.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 20th. Investors of record on Monday, April 26th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, April 23rd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 1.81%. Caterpillar’s dividend payout ratio is presently 37.25%.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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