Caterpillar Inc. (NYSE:CAT) Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,310 shares of the industrial products company’s stock after selling 88 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Caterpillar were worth $475,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CAT. Lantz Financial LLC grew its stake in shares of Caterpillar by 2.9% during the 2nd quarter. Lantz Financial LLC now owns 4,181 shares of the industrial products company’s stock valued at $1,393,000 after buying an additional 116 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of Caterpillar by 28,321.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 200,654 shares of the industrial products company’s stock worth $668,000 after purchasing an additional 199,948 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Caterpillar by 4.9% in the 2nd quarter. Acadian Asset Management LLC now owns 9,483 shares of the industrial products company’s stock valued at $3,157,000 after purchasing an additional 446 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth about $259,000. Finally, Ballentine Partners LLC increased its position in Caterpillar by 1.6% during the 2nd quarter. Ballentine Partners LLC now owns 7,196 shares of the industrial products company’s stock worth $2,397,000 after purchasing an additional 113 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. Truist Financial boosted their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Citigroup boosted their price objective on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st. Finally, Robert W. Baird upped their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus target price of $384.33.

Caterpillar Price Performance

Shares of CAT stock opened at $363.53 on Tuesday. The firm has a market cap of $175.51 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.92 and a beta of 1.13. The firm has a fifty day moving average of $384.44 and a two-hundred day moving average of $364.57. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 1-year low of $276.94 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the firm earned $5.52 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 over the last 90 days. Insiders own 0.29% of the company’s stock.

Caterpillar Company 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.