Caterpillar Inc. (CAT) Stake Decreased by Bruderman Asset Management LLC
Bruderman Asset Management LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 88.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,547 shares of the industrial products company’s stock after selling 20,423 shares during the quarter. Bruderman Asset Management LLC’s holdings in Caterpillar were worth $401,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Ironwood Investment Counsel LLC lifted its position in Caterpillar by 0.3% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 3,425 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 10 shares during the period. Southeast Asset Advisors Inc. lifted its position in Caterpillar by 0.3% during the 2nd quarter. Southeast Asset Advisors Inc. now owns 4,279 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 12 shares during the period. WFG Advisors LP lifted its position in Caterpillar by 0.4% during the 2nd quarter. WFG Advisors LP now owns 8,538 shares of the industrial products company’s stock worth $917,000 after acquiring an additional 33 shares during the period. Thompson Davis & CO. Inc. lifted its position in Caterpillar by 1.0% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,931 shares of the industrial products company’s stock worth $530,000 after acquiring an additional 50 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Caterpillar by 1.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 6,660 shares of the industrial products company’s stock worth $716,000 after acquiring an additional 100 shares during the period. 69.25% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Inc. (NYSE:CAT) opened at $149.21 on Friday. The firm has a market capitalization of $90,730.00, a PE ratio of 118.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.22. Caterpillar Inc. has a 52 week low of $90.34 and a 52 week high of $173.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.09%. Caterpillar’s dividend payout ratio is presently 247.62%.
In related news, insider Thomas A. Pellette sold 24,547 shares of Caterpillar stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the completion of the transaction, the general counsel now owns 19,646 shares of the company’s stock, valued at approximately $3,152,397.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,331 shares of company stock valued at $22,107,578. 0.14% of the stock is owned by company insiders.
A number of analysts have commented on the company. Seaport Global Securities raised Caterpillar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $170.90 to $195.00 in a research report on Tuesday, January 23rd. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $164.34 price target for the company in a research report on Monday, January 22nd. Citigroup reaffirmed a “neutral” rating and set a $185.00 price target (up previously from $160.00) on shares of Caterpillar in a research report on Friday, January 19th. Barclays set a $180.00 price target on Caterpillar and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Finally, Bank of America reaffirmed a “buy” rating and set a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $167.80.
ILLEGAL ACTIVITY WARNING: This report was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/caterpillar-inc-cat-stake-decreased-by-bruderman-asset-management-llc/1858822.html.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.