Greenwich Wealth Management LLC Sells 77 Shares of Caterpillar Inc. (NYSE:CAT)

Greenwich Wealth Management LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,438 shares of the industrial products company’s stock after selling 77 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Caterpillar were worth $721,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after acquiring an additional 9,776,533 shares during the period. Norges Bank bought a new position in shares of Caterpillar during the 4th quarter worth approximately $1,175,255,000. Ontario Teachers Pension Plan Board bought a new position in shares of Caterpillar during the 1st quarter worth approximately $433,134,000. Imprint Wealth LLC boosted its stake in shares of Caterpillar by 24,982.9% during the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after acquiring an additional 1,531,952 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after acquiring an additional 1,488,813 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction 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 owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 in the last 90 days. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CAT shares. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Truist Financial started coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Wells Fargo & Company boosted their price target on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. TD Cowen boosted their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, Robert W. Baird boosted their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $1.96 during trading on Friday, reaching $354.66. 2,929,591 shares of the company’s stock were exchanged, compared to its average volume of 2,086,614. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The company has a market cap of $177.12 billion, a P/E ratio of 17.61, a PEG ratio of 1.57 and a beta of 1.17. The firm’s 50-day moving average price is $346.70 and its 200 day moving average price is $298.22.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the previous year, the firm earned $3.86 EPS. Caterpillar’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current 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 given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.47%. Caterpillar’s dividend payout ratio is currently 25.82%.

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.