Red Door Wealth Management LLC Has $741,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Red Door Wealth Management LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,043 shares of the industrial products company’s stock after acquiring an additional 64 shares during the period. Red Door Wealth Management LLC’s holdings in Caterpillar were worth $741,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Baron Silver Stevens Financial Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth $280,000. Beacon Investment Advisory Services Inc. raised its holdings in shares of Caterpillar by 6.8% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 22,520 shares of the industrial products company’s stock valued at $8,169,000 after purchasing an additional 1,441 shares during the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of Caterpillar by 8.2% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 1,327 shares of the industrial products company’s stock valued at $481,000 after purchasing an additional 101 shares in the last quarter. Traynor Capital Management Inc. grew its position in Caterpillar by 17.6% in the 4th quarter. Traynor Capital Management Inc. now owns 13,260 shares of the industrial products company’s stock worth $4,810,000 after purchasing an additional 1,989 shares in the last quarter. Finally, Hudson Capital Management LLC lifted its position in shares of Caterpillar by 0.6% during the 4th quarter. Hudson Capital Management LLC now owns 10,895 shares of the industrial products company’s stock worth $3,952,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In related news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $406.87 on Friday. The firm’s 50 day simple moving average is $380.20 and its 200 day simple moving average is $368.38. The firm has a market capitalization of $196.44 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. 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 Inc. has a 1-year low of $288.34 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results 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). The business had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.52 earnings per share. As a group, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders 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 yield of 1.39%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAT. Citigroup cut their price objective on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America increased their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a research report on Monday, January 13th. UBS Group increased their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Three equities 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 stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $380.60.

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.