McKinley Carter Wealth Services Inc. Has $3.32 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

McKinley Carter Wealth Services Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,154 shares of the industrial products company’s stock after selling 180 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Caterpillar were worth $3,321,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after acquiring an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at about $230,000. Alpha Cubed Investments LLC boosted its position in shares of Caterpillar by 5.6% during the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after buying an additional 6,212 shares during the period. Citizens Financial Group Inc. RI raised its position in Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after buying an additional 4,181 shares during the last quarter. Finally, Cadinha & Co. LLC bought a new stake in Caterpillar in the 4th quarter valued at approximately $11,084,000. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is owned by company insiders.

Caterpillar Stock Performance

Shares of CAT stock opened at $390.29 on Wednesday. Caterpillar Inc. has a 52 week low of $297.45 and a 52 week high of $418.50. The company has a market capitalization of $188.43 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.97 and a beta of 1.13. The company has a 50-day simple moving average of $381.27 and a 200 day simple moving average of $370.23. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter last year, the business posted $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that Caterpillar Inc. will post 21.69 earnings per share for the current 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 given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.45%. Caterpillar’s payout ratio is presently 26.15%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAT. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. Truist Financial lowered their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.60.

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.