Hennion & Walsh Asset Management Inc. Cuts Holdings in Caterpillar Inc. (NYSE:CAT)

Hennion & Walsh Asset Management Inc. decreased its stake in Caterpillar Inc. (NYSE:CATFree Report) by 29.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,379 shares of the industrial products company’s stock after selling 569 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Caterpillar were worth $500,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the third quarter valued at about $36,000. Kimelman & Baird LLC boosted its position in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the last quarter. HWG Holdings LP acquired a new position in Caterpillar during the second quarter worth about $54,000. Finally, SOA Wealth Advisors LLC. boosted its position in Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now owns 12,951 shares of the company’s stock, valued at $4,906,356.84. The trade was a 17.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction on Friday, November 1st. The shares were 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. The trade was a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock valued at $13,480,389 over the last ninety days. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Up 1.4 %

Shares of CAT stock opened at $386.03 on Tuesday. The stock has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. 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 Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The firm’s 50 day moving average price is $380.09 and its two-hundred day moving average price is $367.29.

Caterpillar (NYSE:CATGet Free Report) last posted its earnings results 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). 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 analyst estimates of $16.37 billion. During the same period in the previous year, the firm posted $5.52 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar’s dividend payout ratio is presently 26.15%.

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research report on Monday, January 13th. Robert W. Baird lifted their target price 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. Bank of America lifted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $380.60.

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About Caterpillar

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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