Embree Financial Group Reduces Position in Caterpillar Inc. (NYSE:CAT)

Embree Financial Group reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 915 shares of the industrial products company’s stock after selling 139 shares during the period. Embree Financial Group’s holdings in Caterpillar were worth $332,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CAT. Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the third quarter valued at approximately $36,000. Albion Financial Group UT raised its position in 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 buying an additional 77 shares during the last quarter. Kimelman & Baird LLC lifted its stake in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. The trade was a 15.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. This represents a 20.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,868 shares of company stock worth $13,480,389. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CAT shares. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial dropped their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a report on Monday, January 13th. Citigroup cut their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus target price of $380.60.

Caterpillar Price Performance

NYSE:CAT opened at $407.95 on Friday. The firm has a market cap of $196.96 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The stock has a 50 day moving average of $381.07 and a two-hundred day moving average of $369.19. Caterpillar Inc. has a 12 month low of $293.13 and a 12 month high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the prior year, the company posted $5.52 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors 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 annualized dividend and a yield of 1.38%. Caterpillar’s dividend payout ratio is presently 26.15%.

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.