Keynote Financial Services LLC Has $1.17 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Keynote Financial Services LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,219 shares of the industrial products company’s stock after selling 153 shares during the period. Keynote Financial Services LLC’s holdings in Caterpillar were worth $1,168,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CAT. Eads & Heald Wealth Management boosted its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Eads & Heald Wealth Management now owns 6,133 shares of the industrial products company’s stock valued at $2,399,000 after buying an additional 42 shares during the last quarter. Weatherly Asset Management L. P. raised its position in Caterpillar by 9.7% during the third quarter. Weatherly Asset Management L. P. now owns 6,187 shares of the industrial products company’s stock worth $2,420,000 after acquiring an additional 546 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Caterpillar by 24.5% in the third quarter. Farther Finance Advisors LLC now owns 8,044 shares of the industrial products company’s stock valued at $3,146,000 after acquiring an additional 1,581 shares during the last quarter. Phillips Wealth Planners LLC grew its position in shares of Caterpillar by 25.4% in the 3rd quarter. Phillips Wealth Planners LLC now owns 835 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 169 shares during the period. Finally, BluePath Capital Management LLC increased its stake in shares of Caterpillar by 22.2% during the 3rd quarter. BluePath Capital Management LLC now owns 2,464 shares of the industrial products company’s stock worth $964,000 after purchasing an additional 448 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, 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 company insiders.

Caterpillar Trading Up 1.1 %

CAT stock opened at $343.90 on Friday. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company’s 50-day simple moving average is $365.99 and its 200 day simple moving average is $372.95. The company has a market capitalization of $164.36 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 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%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 25.56%.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent analyst reports. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Jefferies Financial Group raised their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Citigroup upped their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $383.80.

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.