Callan Capital LLC Lowers Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Callan Capital LLC trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 43.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,230 shares of the industrial products company’s stock after selling 951 shares during the period. Callan Capital LLC’s holdings in Caterpillar were worth $364,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CAT. Herold Advisors Inc. raised its stake in Caterpillar by 17.4% in the 4th quarter. Herold Advisors Inc. now owns 1,350 shares of the industrial products company’s stock valued at $399,000 after purchasing an additional 200 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of Caterpillar by 21.1% in the fourth quarter. Gould Asset Management LLC CA now owns 1,490 shares of the industrial products company’s stock valued at $441,000 after buying an additional 260 shares during the last quarter. Van Cleef Asset Management Inc lifted its stake in shares of Caterpillar by 64.5% in the fourth quarter. Van Cleef Asset Management Inc now owns 1,530 shares of the industrial products company’s stock worth $452,000 after buying an additional 600 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Caterpillar by 5,293.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock worth $142,620,000 after acquiring an additional 473,416 shares during the last quarter. Finally, Abbrea Capital LLC raised its holdings in Caterpillar by 3.3% in the 4th quarter. Abbrea Capital LLC now owns 17,722 shares of the industrial products company’s stock valued at $5,240,000 after acquiring an additional 565 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 35,769 shares of company stock worth $11,508,906 over the last 90 days. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Truist Financial started coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target for the company. Finally, StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $310.83.

Caterpillar Stock Up 1.6 %

Caterpillar stock traded up $5.37 during trading on Friday, reaching $343.37. The stock had a trading volume of 3,324,221 shares, compared to its average volume of 2,496,459. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The stock has a market cap of $171.48 billion, a PE ratio of 17.05, a P/E/G ratio of 1.62 and a beta of 1.17. The business has a 50 day moving average price of $350.10 and a 200 day moving average price of $300.80.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. On average, analysts predict that Caterpillar Inc. will post 21.3 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

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.