Telos Capital Management Inc. Trims Stock Position in Caterpillar Inc. (NYSE:CAT)

Telos Capital Management Inc. cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,171 shares of the industrial products company’s stock after selling 200 shares during the period. Telos Capital Management Inc.’s holdings in Caterpillar were worth $1,150,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Buck Wealth Strategies LLC raised its stake in Caterpillar by 67.0% during the fourth quarter. Buck Wealth Strategies LLC now owns 2,124 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 852 shares during the period. Fractal Investments LLC raised its stake in Caterpillar by 114.3% during the fourth quarter. Fractal Investments LLC now owns 1,500 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 800 shares during the period. Silver Oak Securities Incorporated raised its stake in Caterpillar by 8.3% during the fourth quarter. Silver Oak Securities Incorporated now owns 24,404 shares of the industrial products company’s stock worth $8,859,000 after purchasing an additional 1,880 shares during the period. Adero Partners LLC raised its stake in Caterpillar by 13.5% during the fourth quarter. Adero Partners LLC now owns 892 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 106 shares during the period. Finally, YANKCOM Partnership purchased a new position in Caterpillar during the fourth quarter worth about $767,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Up 1.9 %

Shares of Caterpillar stock opened at $365.54 on Friday. The company has a fifty day simple moving average of $378.20 and a 200-day simple moving average of $371.22. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market cap of $176.48 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.95 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts forecast that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Truist Financial reduced their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America reduced their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Jefferies Financial Group upped 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $383.13.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. 0.29% of the stock is owned by company 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.