Rise Advisors LLC Has $521,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Rise Advisors LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,435 shares of the industrial products company’s stock after selling 53 shares during the period. Rise Advisors LLC’s holdings in Caterpillar were worth $521,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC grew its holdings in shares of Caterpillar by 2.6% in the third quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock valued at $405,000 after acquiring an additional 26 shares in the last quarter. First Bank & Trust grew its stake in Caterpillar by 4.0% in the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 27 shares during the period. Washington Trust Bank raised its stake in shares of Caterpillar by 1.2% during the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock worth $919,000 after purchasing an additional 27 shares during the period. Pacifica Partners Inc. grew its position in Caterpillar by 1.6% during the third quarter. Pacifica Partners Inc. now owns 1,807 shares of the industrial products company’s stock valued at $707,000 after buying an additional 28 shares during the period. Finally, Vanguard Capital Wealth Advisors increased its holdings in Caterpillar by 0.8% during the third quarter. Vanguard Capital Wealth Advisors now owns 3,466 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 28 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Bank of America lifted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a report on Monday, September 30th. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Finally, Evercore ISI lowered shares of Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price objective for the company from $321.00 to $365.00 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $384.33.

Caterpillar Stock Performance

CAT traded up $0.72 during trading on Tuesday, hitting $364.92. The company’s stock had a trading volume of 581,567 shares, compared to its average volume of 1,337,871. Caterpillar Inc. has a one year low of $276.94 and a one year high of $418.50. The business’s 50 day simple moving average is $383.90 and its 200-day simple moving average is $364.82. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market cap of $176.18 billion, a PE ratio of 16.92, a P/E/G ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.52 earnings per share. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is 26.15%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 23,868 shares of company stock worth $9,679,489. Insiders own 0.29% of the company’s stock.

About Caterpillar

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.