Congress Park Capital LLC Sells 250 Shares of Caterpillar Inc. (NYSE:CAT)

Congress Park Capital LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 17.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,220 shares of the industrial products company’s stock after selling 250 shares during the quarter. Congress Park Capital LLC’s holdings in Caterpillar were worth $443,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CAT. Fairscale Capital LLC bought a new stake in Caterpillar in the 2nd quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter valued at approximately $36,000. Kimelman & Baird LLC increased its holdings in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares in the last quarter. HWG Holdings LP acquired a new position in shares of Caterpillar during the second quarter worth approximately $54,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of Caterpillar by 47.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,868 shares of company stock worth $9,679,489 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Up 1.6 %

Shares of Caterpillar stock opened at $380.85 on Friday. The firm has a market cap of $183.87 billion, a PE ratio of 17.66, a P/E/G ratio of 1.72 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $276.94 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The stock has a fifty day moving average price of $380.24 and a 200-day moving average price of $366.36.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (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 company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter last year, the business posted $5.52 EPS. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAT. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research report on Monday. Bank of America raised their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Truist Financial decreased their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $349.00 to $332.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $380.60.

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.