Cwm LLC Sells 63 Shares of Caterpillar Inc. $CAT

Cwm LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.1% during the 2nd quarter, Holdings Channel reports. The fund owned 90,633 shares of the industrial products company’s stock after selling 63 shares during the period. Cwm LLC’s holdings in Caterpillar were worth $35,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacific Point Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at about $579,000. Brighton Jones LLC lifted its position in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Caterpillar by 32.0% during the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock valued at $3,730,000 after buying an additional 2,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Caterpillar by 18.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company’s stock valued at $63,202,000 after buying an additional 30,070 shares during the last quarter. Finally, Grant Private Wealth Management Inc lifted its position in shares of Caterpillar by 46.2% during the first quarter. Grant Private Wealth Management Inc now owns 1,224 shares of the industrial products company’s stock valued at $404,000 after buying an additional 387 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CAT shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Caterpillar in a research report on Saturday, September 27th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Barclays increased their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Truist Financial increased their price objective on shares of Caterpillar from $507.00 to $582.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $478.20.

Insider Buying and Selling

In other news, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the sale, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $491.67 on Monday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $511.50. The company’s 50 day moving average is $443.23 and its 200 day moving average is $384.49. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The company has a market cap of $230.34 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the company posted $5.99 EPS. Caterpillar’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, October 20th. Caterpillar’s dividend payout ratio is 30.72%.

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.