Caterpillar Inc. (NYSE:CAT) Shares Sold by Resolute Wealth Strategies LLC

Resolute Wealth Strategies LLC lessened its stake in Caterpillar Inc. (NYSE:CAT) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,961 shares of the industrial products company’s stock after selling 591 shares during the period. Caterpillar accounts for 3.2% of Resolute Wealth Strategies LLC’s portfolio, making the stock its 7th biggest holding. Resolute Wealth Strategies LLC’s holdings in Caterpillar were worth $4,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Gilfoyle & Co LLC bought a new stake in Caterpillar in the fourth quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar during the third quarter valued at approximately $41,000. DiNuzzo Private Wealth Inc. bought a new stake in Caterpillar during the fourth quarter worth approximately $41,000. Finally, Rational Advisors LLC acquired a new position in Caterpillar in the third quarter worth approximately $42,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Up 0.4 %

Shares of CAT traded up $1.31 during trading hours on Friday, reaching $336.75. The company’s stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The company has a 50 day moving average of $351.89 and a two-hundred day moving average of $303.33. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The firm has a market cap of $164.69 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. As a group, research analysts predict that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.54%. Caterpillar’s dividend payout ratio is currently 23.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Citigroup raised their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, TD Cowen raised their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $323.35.

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.