Rothschild Investment LLC Decreases Stake in Caterpillar Inc. $CAT

Rothschild Investment LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 18.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,353 shares of the industrial products company’s stock after selling 5,031 shares during the period. Rothschild Investment LLC’s holdings in Caterpillar were worth $12,805,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CAT. Torren Management LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC increased its position in shares of Caterpillar by 220.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after buying an additional 33 shares in the last quarter. IFS Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $31,000. Rialto Wealth Management LLC increased its position in shares of Caterpillar by 47.4% in the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after buying an additional 18 shares in the last quarter. Finally, Noble Wealth Management PBC increased its position in shares of Caterpillar by 140.0% in the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after buying an additional 35 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jason Kaiser sold 5,642 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider owned 9,594 shares of the company’s stock, valued at approximately $8,471,789.82. This represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the transaction, the insider directly owned 49,825 shares of the company’s stock, valued at approximately $45,236,615.75. The trade was a 20.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 98,273 shares of company stock valued at $89,439,960. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

CAT has been the subject of a number of research analyst reports. Truist Financial set a $1,043.00 price target on Caterpillar in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $860.00 to $1,125.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Finally, DA Davidson boosted their target price on shares of Caterpillar from $650.00 to $845.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $923.14.

Caterpillar Price Performance

Shares of NYSE CAT opened at $887.04 on Friday. Caterpillar Inc. has a 1-year low of $339.50 and a 1-year high of $931.35. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The business’s fifty day moving average price is $807.51 and its two-hundred day moving average price is $701.11. The firm has a market capitalization of $408.56 billion, a PE ratio of 44.15, a P/E/G ratio of 1.80 and a beta of 1.63.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period last year, the company earned $4.25 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, research analysts expect that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th were paid a $1.51 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio is presently 30.06%.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.