Caterpillar Inc. (NYSE:CAT) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. decreased its stake in Caterpillar Inc. (NYSE:CAT) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 10,931 shares of the industrial products company’s stock after selling 132 shares during the quarter. Focus Financial Network Inc.’s holdings in Caterpillar were worth $3,965,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Sapient Capital LLC boosted its holdings in Caterpillar by 0.8% in the 4th quarter. Sapient Capital LLC now owns 12,307 shares of the industrial products company’s stock worth $4,464,000 after buying an additional 94 shares during the last quarter. Pineridge Advisors LLC boosted its stake in shares of Caterpillar by 43.6% in the fourth quarter. Pineridge Advisors LLC now owns 168 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 51 shares during the last quarter. Arlington Trust Co LLC increased its position in shares of Caterpillar by 41.5% during the fourth quarter. Arlington Trust Co LLC now owns 1,070 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 314 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its stake in Caterpillar by 2.2% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 12,602 shares of the industrial products company’s stock valued at $4,572,000 after purchasing an additional 268 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in Caterpillar by 16.3% during the 4th quarter. Soltis Investment Advisors LLC now owns 1,629 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $363.11 on Tuesday. The firm has a 50-day simple moving average of $376.59 and a two-hundred day simple moving average of $371.73. The stock has a market cap of $175.31 billion, a PE ratio of 16.45, a P/E/G ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.55%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of the business’s 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 transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. DA Davidson increased their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine 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 presently has a consensus rating of “Hold” and an average price target of $383.13.

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.