Chemistry Wealth Management LLC Has $323,000 Position in Caterpillar Inc. (NYSE:CAT)

Chemistry Wealth Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 43.2% during the fourth quarter, Holdings Channel reports. The fund owned 891 shares of the industrial products company’s stock after buying an additional 269 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Caterpillar were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CAT. Fairscale Capital LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the 3rd quarter valued at $36,000. Kimelman & Baird LLC lifted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the period. HWG Holdings LP acquired a new position in shares of Caterpillar during the 2nd quarter valued at $54,000. Finally, SOA Wealth Advisors LLC. increased its stake in Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of recent research reports. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $380.60.

View Our Latest Analysis on CAT

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock worth $13,480,389 in the last quarter. Insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 1.4 %

Shares of CAT stock opened at $386.03 on Friday. The company has a 50 day moving average of $380.09 and a 200-day moving average of $366.76. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12-month low of $277.66 and a 12-month high of $418.50. The firm has a market cap of $186.38 billion, a P/E ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the previous year, the business earned $5.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. Caterpillar’s payout ratio is currently 26.15%.

Caterpillar 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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