Bogart Wealth LLC Sells 2,678 Shares of Caterpillar Inc. (NYSE:CAT)

Bogart Wealth LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.7% in the third quarter, Holdings Channel reports. The institutional investor owned 37,175 shares of the industrial products company’s stock after selling 2,678 shares during the quarter. Caterpillar comprises about 0.7% of Bogart Wealth LLC’s portfolio, making the stock its 28th biggest position. Bogart Wealth LLC’s holdings in Caterpillar were worth $14,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atlas Capital Advisors LLC boosted its stake in Caterpillar by 1,041.4% during the first quarter. Atlas Capital Advisors LLC now owns 331 shares of the industrial products company’s stock valued at $121,000 after buying an additional 302 shares during the period. Brookstone Capital Management boosted its position in shares of Caterpillar by 3.2% during the 1st quarter. Brookstone Capital Management now owns 31,859 shares of the industrial products company’s stock valued at $11,674,000 after acquiring an additional 996 shares during the last quarter. GoalVest Advisory LLC grew its holdings in shares of Caterpillar by 18.4% during the first quarter. GoalVest Advisory LLC now owns 296 shares of the industrial products company’s stock worth $108,000 after purchasing an additional 46 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Caterpillar in the first quarter worth approximately $249,000. Finally, Wealthcare Advisory Partners LLC raised its stake in Caterpillar by 23.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 12,856 shares of the industrial products company’s stock valued at $4,711,000 after purchasing an additional 2,440 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now directly owns 15,615 shares in the company, valued at $5,347,825.20. This trade represents a 0.00 % 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, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on CAT shares. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. increased their target price on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Truist Financial raised their price target on Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Finally, Bank of America raised their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $355.50.

Caterpillar Trading Down 0.8 %

Shares of Caterpillar stock traded down $3.01 during trading on Thursday, reaching $382.72. 504,765 shares of the stock were exchanged, compared to its average volume of 2,621,007. The firm has a market cap of $187.17 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. Caterpillar Inc. has a 1 year low of $223.76 and a 1 year high of $403.60. The stock’s fifty day moving average is $366.90 and its 200 day moving average is $350.61. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The firm had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same quarter in the previous year, the firm posted $5.55 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, October 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, October 21st. Caterpillar’s dividend payout ratio is presently 25.46%.

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.