180 Wealth Advisors LLC Sells 1,465 Shares of Caterpillar Inc. (NYSE:CAT)

180 Wealth Advisors LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 38.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,343 shares of the industrial products company's stock after selling 1,465 shares during the quarter. 180 Wealth Advisors LLC's holdings in Caterpillar were worth $773,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth about $579,000. Brighton Jones LLC lifted its position in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of Caterpillar during the 4th quarter worth approximately $7,396,000. Chicago Partners Investment Group LLC increased its holdings in shares of Caterpillar by 13.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 2,389 shares of the industrial products company's stock worth $863,000 after acquiring an additional 276 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its stake in Caterpillar by 36.7% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 2,401 shares of the industrial products company's stock valued at $871,000 after acquiring an additional 644 shares during the period. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, Director David Maclennan bought 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

NYSE:CAT traded up $4.86 during trading hours on Tuesday, hitting $349.53. The company's stock had a trading volume of 2,613,297 shares, compared to its average volume of 2,617,555. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $164.64 billion, a P/E ratio of 15.84, a PEG ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The stock has a fifty day simple moving average of $319.30 and a 200-day simple moving average of $350.36.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period last year, the firm posted $5.60 earnings per share. The company's revenue for the quarter was down 9.8% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were given a $1.41 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Truist Financial reiterated a "buy" rating and set a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Evercore ISI decreased their price objective on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. dropped their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $309.00 to $395.00 in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and a consensus price target of $372.92.

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.