SageView Advisory Group LLC Sells 1,947 Shares of Caterpillar Inc. (NYSE:CAT)

SageView Advisory Group LLC lowered its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,444 shares of the industrial products company’s stock after selling 1,947 shares during the period. SageView Advisory Group LLC’s holdings in Caterpillar were worth $440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. AXS Investments LLC increased its stake in shares of Caterpillar by 13.0% during the fourth quarter. AXS Investments LLC now owns 7,264 shares of the industrial products company’s stock worth $2,148,000 after purchasing an additional 835 shares during the period. Commerce Bank grew its position in Caterpillar by 1.2% during the fourth quarter. Commerce Bank now owns 133,064 shares of the industrial products company’s stock worth $39,343,000 after buying an additional 1,545 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $141,000. Tidemark LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $636,000. Finally, Richwood Investment Advisors LLC grew its position in Caterpillar by 14.6% during the fourth quarter. Richwood Investment Advisors LLC now owns 1,770 shares of the industrial products company’s stock worth $523,000 after buying an additional 225 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, HSBC upped their target price on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $323.35.

View Our Latest Report on CAT

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Maclennan acquired 500 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $337.39 per share, with a total value of $168,695.00. Following the completion of the purchase, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.5 %

Shares of Caterpillar stock opened at $348.90 on Tuesday. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. 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 stock’s 50-day moving average is $356.93 and its 200 day moving average is $316.31. The firm has a market cap of $170.63 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.79 and a beta of 1.19.

Caterpillar (NYSE:CATGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Equities research analysts anticipate that Caterpillar Inc. will post 21.81 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.49%. Caterpillar’s payout ratio is currently 23.48%.

Caterpillar Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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