Pathway Financial Advisers LLC Sells 124,051 Shares of Caterpillar Inc. (NYSE:CAT)

Pathway Financial Advisers LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319 shares of the industrial products company's stock after selling 124,051 shares during the period. Pathway Financial Advisers LLC's holdings in Caterpillar were worth $116,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $34,000. Kimelman & Baird LLC lifted its holdings in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. Albion Financial Group UT lifted its holdings 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 worth $36,000 after acquiring an additional 77 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. Evercore ISI upgraded shares of 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, January 13th. StockNews.com raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley dropped their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an "underperform" rating in a research report on Thursday, October 31st. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $383.13.

Caterpillar Stock Down 0.1 %

NYSE:CAT traded down $0.39 during trading hours on Monday, reaching $353.31. 2,043,603 shares of the stock were exchanged, compared to its average volume of 2,476,759. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a 50 day moving average of $372.47 and a 200 day moving average of $372.14. The stock has a market cap of $170.58 billion, a PE ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.12.

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

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade 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 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.