Caterpillar Inc. $CAT Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 10.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 567,599 shares of the industrial products company’s stock after selling 65,349 shares during the period. Corient Private Wealth LLC owned approximately 0.12% of Caterpillar worth $220,348,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CAT. Valeo Financial Advisors LLC increased its position in shares of Caterpillar by 36,842.1% during the second quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after purchasing an additional 7,279,991 shares in the last quarter. Norges Bank purchased a new position in Caterpillar during the 2nd quarter worth approximately $2,165,899,000. Assenagon Asset Management S.A. increased its position in Caterpillar by 546.6% during the second quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company’s stock worth $327,297,000 after buying an additional 712,711 shares during the period. Marshall Wace LLP lifted its stake in Caterpillar by 425.2% in the second quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock valued at $295,738,000 after buying an additional 616,739 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its position in shares of Caterpillar by 36,586.2% during the second quarter. Laurel Wealth Advisors LLC now owns 433,631 shares of the industrial products company’s stock worth $168,340,000 after acquiring an additional 432,449 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT stock opened at $597.88 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a 50 day simple moving average of $554.63 and a 200-day simple moving average of $462.36. The company has a market cap of $279.80 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 2.82 and a beta of 1.57. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $627.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. The firm had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.Caterpillar’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.17 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Royal Bank Of Canada initiated coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price target for the company. DA Davidson increased their target price on shares of Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and raised their price target for the stock from $405.00 to $660.00 in a report on Wednesday, November 5th. Morgan Stanley increased their price objective on Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $612.16.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $571.44, for a total transaction of $5,714,400.00. Following the sale, the chief financial officer owned 55,460 shares of the company’s stock, valued at $31,692,062.40. The trade was a 15.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 14,638 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the transaction, the insider directly owned 80,209 shares of the company’s stock, valued at $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,061 shares of company stock valued at $41,949,366 in the last quarter. Insiders own 0.33% of the company’s stock.

About Caterpillar

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.