Valley Wealth Managers Inc. Sells 1,630 Shares of Caterpillar Inc. (NYSE:CAT)

Valley Wealth Managers Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,320 shares of the industrial products company's stock after selling 1,630 shares during the quarter. Valley Wealth Managers Inc.'s holdings in Caterpillar were worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Caterpillar Price Performance

NYSE:CAT traded down $9.31 during trading hours on Friday, reaching $339.84. The company had a trading volume of 3,219,133 shares, compared to its average volume of 2,416,826. The stock has a 50-day moving average of $369.54 and a two-hundred day moving average of $372.24. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The firm has a market capitalization of $162.42 billion, a PE ratio of 15.40, a PEG ratio of 1.89 and a beta of 1.12. 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 posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 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%. Analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a $1.41 dividend. 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 currently 25.56%.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 18,704 shares of company stock valued at $7,226,584. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup lifted 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. StockNews.com raised Caterpillar from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley dropped their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $383.80.

About Caterpillar

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.