Midland Wealth Advisors LLC Has $1.54 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Midland Wealth Advisors LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 57.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,240 shares of the industrial products company’s stock after selling 5,625 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Caterpillar were worth $1,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FWG Holdings LLC raised its position in Caterpillar by 9.0% during the fourth quarter. FWG Holdings LLC now owns 2,655 shares of the industrial products company’s stock worth $960,000 after acquiring an additional 219 shares in the last quarter. Main Street Research LLC increased its stake in shares of Caterpillar by 2.6% during the 4th quarter. Main Street Research LLC now owns 96,486 shares of the industrial products company’s stock worth $35,001,000 after purchasing an additional 2,436 shares during the last quarter. Isthmus Partners LLC raised its holdings in shares of Caterpillar by 40.7% in the 4th quarter. Isthmus Partners LLC now owns 1,557 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 450 shares during the period. Rebalance LLC lifted its stake in Caterpillar by 14.8% in the 4th quarter. Rebalance LLC now owns 947 shares of the industrial products company’s stock valued at $344,000 after purchasing an additional 122 shares during the last quarter. Finally, REDW Wealth LLC grew its holdings in Caterpillar by 26.7% during the fourth quarter. REDW Wealth LLC now owns 2,337 shares of the industrial products company’s stock worth $848,000 after purchasing an additional 493 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction that occurred on 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 owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CAT. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Price Performance

Caterpillar stock opened at $350.97 on Monday. The stock’s fifty day moving average price is $363.11 and its two-hundred day moving average price is $372.98. The firm has a market cap of $167.74 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

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.