Caterpillar Inc. (NYSE:CAT) Shares Sold by Burney Co.

Burney Co. decreased its position in Caterpillar Inc. (NYSE:CAT) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 14,857 shares of the industrial products company’s stock after selling 410 shares during the period. Burney Co.’s holdings in Caterpillar were worth $5,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter worth $36,000. Fairscale Capital LLC acquired a new position in Caterpillar during the 2nd quarter valued at about $36,000. Kimelman & Baird LLC raised its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after buying an additional 50 shares in the last quarter. Finally, HWG Holdings LP acquired a new stake in Caterpillar in the 2nd quarter valued at about $54,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the 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 owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,868 shares of company stock worth $9,679,489. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 2.0 %

Shares of CAT stock opened at $378.86 on Wednesday. The stock has a market cap of $182.91 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The stock has a 50 day simple moving average of $381.63 and a 200 day simple moving average of $366.20.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS 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 business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the firm posted $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. On average, research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business 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 $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.49%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Analysts Set New Price Targets

Several brokerages have recently commented on CAT. JPMorgan Chase & Co. upped their target price on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Citigroup lowered their price target on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Tuesday. Truist Financial raised their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a report on Monday. Finally, Robert W. Baird boosted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have assigned 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 $381.67.

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.