Caterpillar Inc. (NYSE:CAT) Shares Sold by Hamel Associates Inc.

Hamel Associates Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,228 shares of the industrial products company’s stock after selling 250 shares during the period. Hamel Associates Inc.’s holdings in Caterpillar were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the fourth quarter valued at $34,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter valued at $36,000. Albion Financial Group UT lifted its position in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Caterpillar during the fourth quarter valued at $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 1.1 %

Shares of NYSE CAT opened at $343.90 on Friday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a market cap of $164.36 billion, a PE ratio of 15.58, a P/E/G ratio of 1.87 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $365.99 and a 200 day moving average of $372.71.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results 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 net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.64%. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

Insider Activity

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. DA Davidson boosted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average target price of $383.80.

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.