PDS Planning Inc Sells 128 Shares of Caterpillar Inc. (NYSE:CAT)

PDS Planning Inc lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,115 shares of the industrial products company’s stock after selling 128 shares during the period. PDS Planning Inc’s holdings in Caterpillar were worth $625,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $39,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $41,000. Rational Advisors LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $44,000. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last ninety days. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 1.6 %

NYSE:CAT traded up $5.62 on Tuesday, hitting $363.23. The stock had a trading volume of 838,003 shares, compared to its average volume of 2,415,249. The business’s fifty day moving average is $347.42 and its 200 day moving average is $298.90. The company has a market cap of $181.40 billion, a PE ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17. 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.

Caterpillar (NYSE:CAT) last issued 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. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. Caterpillar’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $3.86 earnings per share. On average, equities research analysts expect that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. Caterpillar’s payout ratio is presently 25.82%.

Analyst Ratings Changes

CAT has been the topic of several recent analyst reports. Truist Financial initiated coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price on the stock. Robert W. Baird boosted their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar 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.