Caterpillar Inc. (NYSE:CAT) Shares Sold by Rooted Wealth Advisors Inc.

Rooted Wealth Advisors Inc. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,110 shares of the industrial products company’s stock after selling 83 shares during the quarter. Rooted Wealth Advisors Inc.’s holdings in Caterpillar were worth $1,129,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Creative Planning increased its stake in Caterpillar by 1.7% during the third 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 during the last quarter. ERn Financial LLC acquired a new stake in Caterpillar during the 3rd quarter worth approximately $220,000. AAFMAA Wealth Management & Trust LLC raised its holdings in Caterpillar by 1.6% in the third quarter. AAFMAA Wealth Management & Trust LLC now owns 7,308 shares of the industrial products company’s stock valued at $2,858,000 after buying an additional 116 shares during the period. Bfsg LLC lifted its position in Caterpillar by 15.3% during the third quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock valued at $124,000 after buying an additional 42 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Caterpillar by 3.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after buying an additional 126 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Evercore ISI upgraded 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 Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Citigroup increased their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $383.13.

Caterpillar Price Performance

CAT opened at $353.97 on Friday. 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. The company has a 50-day moving average of $374.12 and a 200-day moving average of $371.81. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities analysts expect that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

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.