1900 Wealth Management LLC Reduces Holdings in Caterpillar Inc. (NYSE:CAT)

1900 Wealth Management LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,695 shares of the industrial products company’s stock after selling 410 shares during the quarter. 1900 Wealth Management LLC’s holdings in Caterpillar were worth $1,093,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gilfoyle & Co LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $39,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Caterpillar during the third quarter valued at approximately $41,000. Rational Advisors LLC bought a new stake in shares of Caterpillar during the third quarter valued at approximately $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in Caterpillar in the third quarter worth $44,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.7 %

Shares of CAT traded up $6.11 during midday trading on Tuesday, reaching $363.72. The company had a trading volume of 737,233 shares, compared to its average volume of 2,414,057. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The stock has a market cap of $181.64 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The firm has a 50 day simple moving average of $347.42 and a 200-day simple moving average of $298.90. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $3.86 EPS. Research analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. TD Cowen boosted their target price on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $307.56.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 in the last three months. 0.33% of the stock is owned by corporate insiders.

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.