Birchcreek Wealth Management LLC Sells 40 Shares of Caterpillar Inc. (NYSE:CAT)

Birchcreek Wealth Management LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,314 shares of the industrial products company’s stock after selling 40 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Caterpillar were worth $514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bbjs Financial Advisors LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $28,000. Financial Connections Group Inc. purchased a new position in shares of Caterpillar during the 2nd quarter valued at about $28,000. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar in the 3rd quarter valued at about $36,000. Fairscale Capital LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $36,000. Finally, POM Investment Strategies LLC lifted its holdings in Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now owns 4,976 shares of the company’s stock, valued at $2,079,968. The trade was a 20.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO William E. Schaupp sold 968 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 23,749 shares of company stock worth $9,251,912. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CAT has been the subject of several research analyst reports. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price target for the company from $321.00 to $365.00 in a report on Wednesday. Barclays lifted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Robert W. Baird lifted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Finally, Bank of America boosted their price objective 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. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $365.33.

Caterpillar Trading Down 0.1 %

CAT stock traded down $0.51 during mid-day trading on Friday, reaching $386.85. 17,999 shares of the stock traded hands, compared to its average volume of 2,604,157. Caterpillar Inc. has a one year low of $241.81 and a one year high of $418.50. The business has a 50-day moving average price of $379.68 and a two-hundred day moving average price of $353.59. The stock has a market capitalization of $186.77 billion, a PE ratio of 17.96, a PEG ratio of 1.91 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Monday, October 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, October 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar’s dividend payout ratio (DPR) 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.