SVB Wealth LLC Has $2.63 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

SVB Wealth LLC cut its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,891 shares of the industrial products company’s stock after selling 91 shares during the quarter. SVB Wealth LLC’s holdings in Caterpillar were worth $2,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lodestar Private Asset Management LLC increased its position in shares of Caterpillar by 4.4% during the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after buying an additional 35 shares during the period. Cornerstone Wealth Management LLC increased its holdings in Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 36 shares during the period. ACT Wealth Management LLC lifted its stake in Caterpillar by 4.3% in the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 36 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Caterpillar by 2.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 37 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC increased its holdings in shares of Caterpillar by 2.0% in the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,916 shares of the industrial products company’s stock worth $567,000 after purchasing an additional 38 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT opened at $358.33 on Thursday. The firm has a market cap of $178.95 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $345.24 and its 200 day simple moving average is $296.78.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.86 earnings per share. As a group, analysts predict that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. Caterpillar’s payout ratio is presently 25.82%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CAT shares. Citigroup lifted their price objective on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Wells Fargo & Company raised their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. Morgan Stanley started coverage on shares of Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. Finally, TD Cowen increased their target price on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. One equities research analyst has 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 company currently has a consensus rating of “Hold” and an average price target of $307.56.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock valued at $14,509,306 in the last 90 days. Insiders own 0.33% of the company’s stock.

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.