Telos Capital Management Inc. Reduces Holdings in Caterpillar Inc. (NYSE:CAT)

Telos Capital Management Inc. reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,171 shares of the industrial products company’s stock after selling 200 shares during the period. Telos Capital Management Inc.’s holdings in Caterpillar were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the 3rd quarter worth about $36,000. Albion Financial Group UT boosted its stake in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Kimelman & Baird LLC boosted its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in shares of Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Up 1.9 %

Shares of CAT stock opened at $365.54 on Friday. The stock has a market cap of $176.48 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth 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. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The firm’s 50 day moving average price is $378.20 and its two-hundred day moving average price is $371.22.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.54%. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup raised their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Bank of America decreased their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $383.13.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction 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 completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar 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.