Segment Wealth Management LLC Grows Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Segment Wealth Management LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,716 shares of the industrial products company’s stock after buying an additional 64 shares during the period. Segment Wealth Management LLC’s holdings in Caterpillar were worth $14,770,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Chesapeake Wealth Management boosted its holdings in Caterpillar by 3.5% in the fourth quarter. Chesapeake Wealth Management now owns 2,567 shares of the industrial products company’s stock valued at $931,000 after purchasing an additional 87 shares in the last quarter. Reliant Investment Management LLC lifted its position in shares of Caterpillar by 3.9% during the 4th quarter. Reliant Investment Management LLC now owns 13,875 shares of the industrial products company’s stock worth $5,033,000 after buying an additional 515 shares during the last quarter. Ballentine Partners LLC grew its position in shares of Caterpillar by 1.5% in the 4th quarter. Ballentine Partners LLC now owns 8,486 shares of the industrial products company’s stock valued at $3,079,000 after buying an additional 125 shares during the last quarter. Martel Wealth Advisors Inc acquired a new stake in Caterpillar during the 4th quarter worth $1,088,000. Finally, Culbertson A N & Co. Inc. lifted its position in Caterpillar by 0.9% in the fourth quarter. Culbertson A N & Co. Inc. now owns 41,760 shares of the industrial products company’s stock valued at $15,149,000 after acquiring an additional 366 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAT shares. Truist Financial cut their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup lowered their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Evercore ISI upgraded 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. 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. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average target price of $380.60.

Insider Buying and Selling

In other news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the sale, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 in the last three months. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 1.4 %

Shares of NYSE CAT opened at $386.03 on Tuesday. The stock has a market capitalization of $186.38 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. Caterpillar Inc. has a 52 week low of $277.66 and a 52 week high of $418.50. The firm has a 50-day moving average price of $380.09 and a 200 day moving average price of $367.29. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last announced its quarterly 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). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same period last year, the firm earned $5.52 EPS. Caterpillar’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company 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 1.46%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Caterpillar 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.