WBH Advisory Inc. Sells 72 Shares of Caterpillar Inc. (NYSE:CAT)

WBH Advisory Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,421 shares of the industrial products company’s stock after selling 72 shares during the period. WBH Advisory Inc.’s holdings in Caterpillar were worth $1,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CAT. Creative Planning raised its stake in Caterpillar by 1.7% in the third quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock worth $89,142,000 after buying an additional 3,772 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Caterpillar by 16.7% in the third quarter. Stratos Wealth Partners LTD. now owns 20,594 shares of the industrial products company’s stock worth $8,055,000 after buying an additional 2,950 shares in the last quarter. Stratos Wealth Advisors LLC raised its stake in Caterpillar by 3.4% in the third quarter. Stratos Wealth Advisors LLC now owns 5,103 shares of the industrial products company’s stock worth $1,996,000 after buying an additional 170 shares in the last quarter. Goldstone Financial Group LLC bought a new position in Caterpillar in the third quarter worth about $619,000. Finally, KFA Private Wealth Group LLC bought a new position in shares of Caterpillar during the third quarter valued at approximately $304,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research note on Monday, January 13th. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $383.13.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 0.1 %

Shares of CAT stock opened at $353.31 on Monday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $372.47 and its 200 day moving average is $372.14. The stock has a market capitalization of $170.58 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Caterpillar Inc. will post 20.05 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared 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. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

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.