Good Life Advisors LLC Sells 6,829 Shares of Caterpillar Inc. (NYSE:CAT)

Good Life Advisors LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 52.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,279 shares of the industrial products company's stock after selling 6,829 shares during the period. Good Life Advisors LLC's holdings in Caterpillar were worth $2,278,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Geode Capital Management LLC grew its position in shares of Caterpillar by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock worth $3,987,206,000 after purchasing an additional 67,148 shares in the last quarter. Fisher Asset Management LLC grew its position in Caterpillar by 2.3% during the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock worth $3,501,554,000 after buying an additional 205,012 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Caterpillar by 1.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after acquiring an additional 64,452 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Caterpillar by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company's stock valued at $1,262,290,000 after acquiring an additional 8,088 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Caterpillar by 39,534.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock valued at $8,356,930,000 after acquiring an additional 2,131,276 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Trading Down 2.7 %

NYSE CAT traded down $9.31 on Friday, hitting $339.84. The company's stock had a trading volume of 3,214,468 shares, compared to its average volume of 2,385,228. The company's 50-day moving average is $369.54 and its 200 day moving average is $372.24. The firm has a market cap of $162.42 billion, a PE ratio of 15.40, a PEG ratio of 1.89 and a beta of 1.12. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio is presently 25.56%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup raised their price target on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating 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 company a "neutral" rating in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Evercore ISI upped their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday. Finally, Truist Financial decreased their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $383.80.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the company's 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 sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,704 shares of company stock worth $7,226,584. 0.29% of the stock is currently owned by insiders.

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.