Bogart Wealth LLC Reduces Stock Position in Caterpillar Inc. (NYSE:CAT)

Bogart Wealth LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 24.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,991 shares of the industrial products company’s stock after selling 9,184 shares during the quarter. Bogart Wealth LLC’s holdings in Caterpillar were worth $10,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Creative Planning grew its position in shares of Caterpillar by 1.7% in the 3rd quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock worth $89,142,000 after acquiring an additional 3,772 shares in the last quarter. ERn Financial LLC acquired a new position in shares of Caterpillar in the 3rd quarter worth approximately $220,000. AAFMAA Wealth Management & Trust LLC grew its position in shares of Caterpillar by 1.6% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 7,308 shares of the industrial products company’s stock worth $2,858,000 after acquiring an additional 116 shares in the last quarter. Bfsg LLC grew its position in shares of Caterpillar by 15.3% in the 3rd quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 42 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in shares of Caterpillar by 3.3% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after acquiring an additional 126 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CAT. DA Davidson lifted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $383.13.

Caterpillar Stock Up 0.5 %

Shares of Caterpillar stock opened at $353.97 on Friday. The business’s fifty day moving average price is $374.12 and its two-hundred day moving average price is $371.81. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $170.90 billion, a P/E ratio of 16.04, a PEG ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

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.