Advisory Services Network LLC Sells 5,662 Shares of Caterpillar Inc. (NYSE:CAT)

Advisory Services Network LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CATFree Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,800 shares of the industrial products company’s stock after selling 5,662 shares during the quarter. Advisory Services Network LLC’s holdings in Caterpillar were worth $11,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $1,660,560,000. International Assets Investment Management LLC boosted its position in Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares during the last quarter. Capital Wealth Planning LLC boosted its position in Caterpillar by 27,495.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,182,453 shares of the industrial products company’s stock worth $349,616,000 after purchasing an additional 1,178,168 shares in the last quarter. Winslow Capital Management LLC lifted its position in shares of Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after buying an additional 1,070,570 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after buying an additional 781,111 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Lange Bob De sold 21,847 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the sale, the insider now directly owns 71,115 shares in the company, valued at approximately $25,380,943.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT traded down $1.84 during mid-day trading on Friday, reaching $348.86. The company had a trading volume of 2,633,857 shares, compared to its average volume of 2,475,004. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The stock has a market cap of $170.61 billion, a PE ratio of 15.83, a P/E/G ratio of 1.82 and a beta of 1.19. The company has a 50-day moving average price of $356.94 and a two-hundred day moving average price of $313.62.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, equities analysts anticipate that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.49%. Caterpillar’s dividend payout ratio is currently 23.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Citigroup boosted their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. TD Cowen lifted their price target on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Stifel Nicolaus downgraded Caterpillar from a “buy” rating to a “hold” rating and boosted their target price for the stock from $293.00 to $350.00 in a research report on Friday, April 26th. Finally, Truist Financial started coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average target price of $323.35.

Check Out Our Latest Stock Analysis on CAT

Caterpillar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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