Altrius Capital Management Inc Trims Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Altrius Capital Management Inc trimmed its position in Caterpillar Inc. (NYSE:CAT) by 2.7% in the fourth quarter, Holdings Channel reports. The firm owned 13,461 shares of the industrial products company’s stock after selling 379 shares during the quarter. Altrius Capital Management Inc’s holdings in Caterpillar were worth $4,883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the 3rd quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at about $34,000. Whipplewood Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $36,000. Kimelman & Baird LLC raised its stake in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the period. Finally, Albion Financial Group UT boosted its stake in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CAT. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. DA Davidson raised their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Truist Financial cut their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $383.80.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 in the company, valued at $2,225,742.50. The trade was 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 owned by insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $340.68 on Friday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. 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 company has a market cap of $162.82 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.87 and a beta of 1.12. The business’s 50 day moving average is $366.43 and its two-hundred day moving average is $372.66.

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

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were issued a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.66%. Caterpillar’s dividend payout ratio (DPR) 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.