Tradewinds Capital Management LLC Sells 58 Shares of Caterpillar Inc. $CAT

Tradewinds Capital Management LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 13.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 369 shares of the industrial products company’s stock after selling 58 shares during the period. Tradewinds Capital Management LLC’s holdings in Caterpillar were worth $143,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Aire Advisors LLC increased its stake in shares of Caterpillar by 0.3% during the second quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after buying an additional 25 shares during the period. GSB Wealth Management LLC increased its stake in shares of Caterpillar by 1.2% during the second quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after buying an additional 26 shares during the period. Verum Partners LLC increased its stake in shares of Caterpillar by 2.5% during the second quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company’s stock valued at $411,000 after buying an additional 26 shares during the period. Vanguard Capital Wealth Advisors increased its stake in shares of Caterpillar by 0.8% during the second quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company’s stock valued at $1,388,000 after buying an additional 27 shares during the period. Finally, InTrack Investment Management Inc increased its stake in shares of Caterpillar by 0.6% during the second quarter. InTrack Investment Management Inc now owns 4,683 shares of the industrial products company’s stock valued at $1,818,000 after buying an additional 27 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the sale, the chairman directly owned 448,173 shares of the company’s stock, valued at $226,457,335.17. This trade represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,985 shares of company stock valued at $25,559,300 over the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 2.5%

NYSE CAT opened at $527.41 on Friday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $544.99. The stock has a market cap of $247.08 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.09 and a beta of 1.46. The stock’s fifty day moving average price is $453.38 and its 200-day moving average price is $390.54. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same period last year, the business earned $5.99 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is 30.72%.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Citigroup boosted their target price on Caterpillar from $540.00 to $570.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Truist Financial increased their price objective on Caterpillar from $507.00 to $582.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Jefferies Financial Group increased their price objective on Caterpillar from $500.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. UBS Group increased their price objective on Caterpillar from $450.00 to $506.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Finally, Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $510.60.

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.