IHT Wealth Management LLC Sells 3,595 Shares of Caterpillar Inc. (NYSE:CAT)

IHT Wealth Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,937 shares of the industrial products company's stock after selling 3,595 shares during the period. IHT Wealth Management LLC's holdings in Caterpillar were worth $3,605,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $34,000. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Trading Down 0.2 %

Shares of CAT stock traded down $0.53 during mid-day trading on Friday, reaching $306.33. The stock had a trading volume of 2,162,365 shares, compared to its average volume of 2,621,837. The stock's 50-day moving average price is $321.41 and its two-hundred day moving average price is $360.15. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The firm has a market capitalization of $146.40 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 25.56%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CAT shares. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Evercore ISI lifted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, Citigroup decreased their target price on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus target price of $361.75.

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.