Caterpillar Inc. (NYSE:CAT) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. decreased its position in Caterpillar Inc. (NYSE:CAT) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,082 shares of the industrial products company’s stock after selling 55 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Caterpillar were worth $1,502,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC increased its stake in Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Gilfoyle & Co LLC purchased a new stake in Caterpillar in the fourth quarter valued at $30,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Caterpillar in the fourth quarter valued at $30,000. Finally, First Capital Advisors Group LLC. purchased a new position in shares of Caterpillar during the second quarter worth about $30,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAT. Robert W. Baird upped their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of Caterpillar in a report 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, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $307.56.

Caterpillar Price Performance

CAT stock traded down $3.11 on Friday, reaching $353.52. 1,973,566 shares of the company’s stock were exchanged, compared to its average volume of 2,427,173. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average of $345.95 and a 200-day moving average of $297.21. The firm has a market cap of $176.55 billion, a PE ratio of 17.77, a P/E/G ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter last year, the business earned $3.86 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Caterpillar Inc. will post 21.4 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is currently 25.82%.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is owned by insiders.

About Caterpillar

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.