Xcel Wealth Management LLC Trims Stock Position in Caterpillar Inc. (NYSE:CAT)

Xcel Wealth Management LLC lowered its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,047 shares of the industrial products company’s stock after selling 49 shares during the period. Xcel Wealth Management LLC’s holdings in Caterpillar were worth $1,492,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Highview Capital Management LLC DE grew its stake in Caterpillar by 31.3% during the fourth quarter. Highview Capital Management LLC DE now owns 1,260 shares of the industrial products company’s stock valued at $373,000 after acquiring an additional 300 shares in the last quarter. Lodestar Private Asset Management LLC grew its stake in Caterpillar by 4.4% during the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 35 shares in the last quarter. Meitav Investment House Ltd. grew its stake in Caterpillar by 28.4% during the fourth quarter. Meitav Investment House Ltd. now owns 127,520 shares of the industrial products company’s stock valued at $37,674,000 after acquiring an additional 28,202 shares in the last quarter. Cook Wealth Management Group LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $235,000. Finally, Clarus Group Inc. grew its stake in Caterpillar by 16.4% during the fourth quarter. Clarus Group Inc. now owns 2,823 shares of the industrial products company’s stock valued at $835,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. Stifel Nicolaus boosted their price target on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Sanford C. Bernstein boosted their price target on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Morgan Stanley initiated coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $297.89.

View Our Latest Research Report on Caterpillar

Caterpillar Trading Down 1.8 %

NYSE:CAT traded down $6.53 during midday trading on Friday, reaching $365.45. 2,072,632 shares of the stock traded hands, compared to its average volume of 2,439,701. The company has a fifty day moving average of $341.95 and a 200 day moving average of $294.16. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The stock has a market capitalization of $182.51 billion, a P/E ratio of 18.45, a PEG ratio of 1.66 and a beta of 1.17.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the business posted $3.86 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is currently 25.82%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on 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 transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by company insiders.

Caterpillar Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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