LVW Advisors LLC Reduces Holdings in Caterpillar Inc. (NYSE:CAT)

LVW Advisors LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 19.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,614 shares of the industrial products company’s stock after selling 628 shares during the period. LVW Advisors LLC’s holdings in Caterpillar were worth $1,022,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT increased its holdings in Caterpillar by 0.6% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 115,205 shares of the industrial products company’s stock valued at $34,063,000 after acquiring an additional 711 shares in the last quarter. Guardian Wealth Management Inc. increased its stake in shares of Caterpillar by 31.7% in the fourth quarter. Guardian Wealth Management Inc. now owns 2,192 shares of the industrial products company’s stock worth $648,000 after buying an additional 528 shares during the last quarter. Groupama Asset Managment bought a new stake in Caterpillar during the fourth quarter valued at $10,078,000. Options Solutions LLC increased its stake in Caterpillar by 8.2% during the fourth quarter. Options Solutions LLC now owns 2,110 shares of the industrial products company’s stock valued at $624,000 after purchasing an additional 160 shares during the last quarter. Finally, Studio Investment Management LLC increased its stake in Caterpillar by 22.6% during the fourth quarter. Studio Investment Management LLC now owns 16,153 shares of the industrial products company’s stock valued at $4,776,000 after purchasing an additional 2,973 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Up 1.5 %

Shares of Caterpillar stock traded up $6.02 on Friday, hitting $402.66. 574,342 shares of the company’s stock traded hands, compared to its average volume of 2,642,777. The company has a fifty day moving average of $354.51 and a two-hundred day moving average of $348.77. The company has a market capitalization of $195.25 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. Caterpillar Inc. has a one year low of $223.76 and a one year high of $403.29.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.91 billion. During the same period last year, the business posted $5.55 earnings per share. Caterpillar’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Monday, October 21st. Caterpillar’s dividend payout ratio is 25.68%.

Wall Street Analyst Weigh In

CAT has been the subject of several recent research reports. Citigroup upped their price target on shares of Caterpillar from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI cut their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating on the stock in a report on Monday, August 19th. Raymond James initiated coverage on Caterpillar in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Bank of America upped their target price on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, UBS Group increased their price objective on Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and a consensus price target of $347.56.

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $350.00, for a total value of $527,800.00. Following the sale, the insider now directly owns 18,515 shares of the company’s stock, valued at $6,480,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the transaction, the insider now directly owns 33,442 shares in the company, valued at $11,750,181.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,668 shares of company stock valued at $2,665,760. Company 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.