Simplicity Wealth LLC Has $798,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Simplicity Wealth LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,199 shares of the industrial products company’s stock after selling 158 shares during the period. Simplicity Wealth LLC’s holdings in Caterpillar were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CAT. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $36,000. Finally, Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 77 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 2.9 %

NYSE CAT opened at $350.97 on Monday. The stock has a fifty day moving average of $363.11 and a 200-day moving average of $372.98. The stock has a market capitalization of $167.74 billion, a P/E ratio of 15.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CAT shares. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Citigroup raised their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% 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.