Caterpillar Inc. (NYSE:CAT) Shares Sold by Birchcreek Wealth Management LLC

Birchcreek Wealth Management LLC cut its position in Caterpillar Inc. (NYSE:CAT) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,354 shares of the industrial products company’s stock after selling 39 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Caterpillar were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC acquired a new position in Caterpillar during the 4th quarter worth $39,000. Authentikos Wealth Advisory LLC acquired a new position in Caterpillar during the 3rd quarter worth $41,000. Rational Advisors LLC acquired a new position in Caterpillar during the 3rd quarter worth $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in Caterpillar during the 3rd quarter worth $44,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CAT shares. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and boosted their target price for the stock from $293.00 to $350.00 in a research note on Friday. Robert W. Baird boosted their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Morgan Stanley assumed coverage on Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price target for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $316.88.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $7.15 on Monday, hitting $350.53. The stock had a trading volume of 965,528 shares, compared to its average volume of 2,477,421. Caterpillar Inc. has a 52-week low of $205.60 and a 52-week high of $382.01. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The stock has a market cap of $175.05 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.52 and a beta of 1.17. The company’s 50 day moving average price is $350.10 and its 200 day moving average price is $301.19.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, research analysts anticipate that Caterpillar Inc. will post 21.44 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is presently 23.48%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, 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 transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’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 transaction of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 in the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar Profile

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.