Silverlake Wealth Management LLC Has $1.32 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Silverlake Wealth Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,643 shares of the industrial products company’s stock after selling 96 shares during the period. Silverlake Wealth Management LLC’s holdings in Caterpillar were worth $1,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sargent Investment Group LLC grew its position in shares of Caterpillar by 8.0% during the 4th quarter. Sargent Investment Group LLC now owns 6,512 shares of the industrial products company’s stock worth $2,361,000 after buying an additional 483 shares during the period. 1858 Wealth Management LLC grew its position in shares of Caterpillar by 12.3% during the 4th quarter. 1858 Wealth Management LLC now owns 3,335 shares of the industrial products company’s stock worth $1,210,000 after buying an additional 365 shares during the period. Avitas Wealth Management LLC grew its position in shares of Caterpillar by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 9,539 shares of the industrial products company’s stock worth $3,460,000 after buying an additional 75 shares during the period. Welch Group LLC grew its position in shares of Caterpillar by 1.9% during the 4th quarter. Welch Group LLC now owns 36,814 shares of the industrial products company’s stock worth $13,364,000 after buying an additional 703 shares during the period. Finally, Brown Lisle Cummings Inc. grew its position in shares of Caterpillar by 5.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 2,615 shares of the industrial products company’s stock worth $949,000 after buying an additional 125 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 0.2 %

Shares of Caterpillar stock opened at $362.21 on Wednesday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a market cap of $174.88 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.95 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $380.00 and its 200-day moving average is $371.21.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Caterpillar Inc. will post 21.45 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is presently 25.56%.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,936 shares of company stock valued at $11,558,971. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several analyst reports. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a report on Monday, January 13th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $385.00 in a report on Monday. Finally, Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Two equities research 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $379.50.

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.