Tsfg LLC Has $83,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Tsfg LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 56.7% during the fourth quarter, Holdings Channel reports. The fund owned 229 shares of the industrial products company’s stock after selling 300 shares during the quarter. Tsfg LLC’s holdings in Caterpillar were worth $83,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC grew its position in shares of Caterpillar by 409.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 22,887 shares of the industrial products company’s stock valued at $8,303,000 after purchasing an additional 18,396 shares during the last quarter. Sunflower Bank N.A. grew its holdings in Caterpillar by 10.0% in the 4th quarter. Sunflower Bank N.A. now owns 1,271 shares of the industrial products company’s stock valued at $461,000 after buying an additional 116 shares during the last quarter. Davis Investment Partners LLC increased its position in Caterpillar by 45.3% in the 4th quarter. Davis Investment Partners LLC now owns 2,103 shares of the industrial products company’s stock worth $738,000 after buying an additional 656 shares during the period. Cooper Financial Group lifted its holdings in shares of Caterpillar by 2.3% during the fourth quarter. Cooper Financial Group now owns 5,616 shares of the industrial products company’s stock worth $2,037,000 after buying an additional 126 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Caterpillar by 7.1% in the fourth quarter. Wedmont Private Capital now owns 7,331 shares of the industrial products company’s stock valued at $2,573,000 after acquiring an additional 485 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Truist Financial upped their price target on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $384.33.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 over the last ninety days. 0.29% of the stock is owned by insiders.

Caterpillar Trading Up 3.4 %

Shares of CAT stock opened at $362.82 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $175.17 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.92 and a beta of 1.13. Caterpillar Inc. has a 12-month low of $276.94 and a 12-month high of $418.50. The firm has a 50-day moving average price of $381.88 and a 200 day moving average price of $365.94.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the previous year, the firm earned $5.52 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

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.