Live Oak Private Wealth LLC Has $1.29 Million Stake in Caterpillar Inc. (NYSE:CAT)

Live Oak Private Wealth LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,555 shares of the industrial products company’s stock after selling 76 shares during the period. Live Oak Private Wealth LLC’s holdings in Caterpillar were worth $1,290,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the third quarter valued at about $36,000. Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares during the period. Kimelman & Baird LLC increased its position in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.9 %

NYSE CAT opened at $365.54 on Friday. The stock has a market capitalization of $176.48 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.95 and a beta of 1.12. The business’s fifty day moving average is $378.20 and its 200-day moving average is $371.22. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts predict that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.54%. Caterpillar’s dividend payout ratio is presently 25.56%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CAT shares. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a research note on Monday, January 13th. Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Robert W. Baird raised their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.13.

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.