Caterpillar Inc. (NYSE:CAT) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lowered its stake in Caterpillar Inc. (NYSE:CATFree Report) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,818 shares of the industrial products company’s stock after selling 100 shares during the period. Caterpillar makes up approximately 1.2% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 19th biggest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Caterpillar were worth $2,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc bought a new position in Caterpillar during the 2nd quarter worth $25,000. Atlas Capital Advisors LLC boosted its holdings in shares of Caterpillar by 272.4% in the 1st 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of 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 buying an additional 95 shares in the last quarter. First Capital Advisors Group LLC. acquired a new stake in Caterpillar in the second quarter valued at about $30,000. Finally, CGC Financial Services LLC bought a new position in Caterpillar in the 2nd quarter valued at approximately $31,000. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 1.4 %

Shares of CAT stock traded up $4.47 on Monday, reaching $321.63. 2,476,706 shares of the stock were exchanged, compared to its average volume of 2,845,408. The stock has a market cap of $163.74 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. 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 1-year low of $204.04 and a 1-year high of $334.87. The firm has a 50 day moving average of $290.15 and a two-hundred day moving average of $273.71.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.86 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 21.04 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s payout ratio is currently 25.82%.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $17,774,001.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the business’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 owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,194 shares of company stock worth $13,000,471. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CAT. TD Cowen boosted their price objective on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Sanford C. Bernstein lifted their price target on shares of Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, December 21st. Tigress Financial boosted their price target on Caterpillar from $282.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. The Goldman Sachs Group upped their price objective on Caterpillar from $274.00 to $357.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target of $288.61.

Read Our Latest Report on CAT

Caterpillar Company 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 the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

See Also

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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