Consolidated Capital Management LLC Sells 4,858 Shares of Caterpillar Inc. (NYSE:CAT)

Consolidated Capital Management LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,830 shares of the industrial products company's stock after selling 4,858 shares during the period. Caterpillar accounts for about 2.7% of Consolidated Capital Management LLC's portfolio, making the stock its 15th biggest holding. Consolidated Capital Management LLC's holdings in Caterpillar were worth $4,976,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC increased its stake in shares of Caterpillar by 4.4% in the 4th quarter. McIlrath & Eck LLC now owns 789 shares of the industrial products company's stock valued at $233,000 after purchasing an additional 33 shares in the last quarter. Lodestar Private Asset Management LLC increased its stake in Caterpillar by 4.4% during the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company's stock worth $245,000 after buying an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. increased its stake in Caterpillar by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company's stock worth $774,000 after buying an additional 35 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company's stock worth $1,037,000 after buying an additional 36 shares in the last quarter. Finally, ACT Wealth Management LLC increased its stake in Caterpillar by 4.3% during the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company's stock worth $259,000 after buying an additional 36 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CAT shares. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 6th. Truist Financial started coverage on Caterpillar in a research note on Thursday, March 14th. They set a "buy" rating and a $390.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. Stifel Nicolaus lowered Caterpillar from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $293.00 to $350.00 in a research note on Friday, April 26th. Finally, The Goldman Sachs Group upped their price target on Caterpillar from $357.00 to $408.00 and gave the company a "buy" rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $323.35.

Caterpillar Trading Up 0.9 %

CAT traded up $3.01 during trading hours on Friday, reaching $354.79. The company's stock had a trading volume of 2,210,787 shares, compared to its average volume of 2,729,460. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The business's 50-day moving average is $353.59 and its 200-day moving average is $306.69. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01. The stock has a market cap of $173.51 billion, a PE ratio of 16.02, a P/E/G ratio of 1.52 and a beta of 1.19.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts' consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion for the quarter, compared to analysts' expectations of $16.07 billion. As a group, equities research analysts predict that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar's dividend payout ratio (DPR) is 23.48%.

Insiders Place Their Bets

In other news, Director David Maclennan purchased 500 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the purchase, the director now directly owns 5,738 shares of the company's stock, valued at $1,935,943.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company's stock, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Maclennan acquired 500 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the transaction, the director now directly owns 5,738 shares of the company's stock, valued at approximately $1,935,943.82. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

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.

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