Leo Wealth LLC Sells 97 Shares of Caterpillar Inc. (NYSE:CAT)

Leo Wealth LLC lessened its stake in Caterpillar Inc. (NYSE:CAT) by 7.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,293 shares of the industrial products company’s stock after selling 97 shares during the quarter. Leo Wealth LLC’s holdings in Caterpillar were worth $469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Caterpillar by 11.8% during the 3rd quarter. CWM LLC now owns 77,811 shares of the industrial products company’s stock valued at $30,433,000 after purchasing an additional 8,212 shares during the last quarter. LifePro Asset Management bought a new position in Caterpillar during the third quarter valued at approximately $774,000. Watts Gwilliam & Co. LLC purchased a new position in Caterpillar during the 3rd quarter valued at approximately $570,000. Hudson Capital Management LLC increased its stake in Caterpillar by 4.6% in the 3rd quarter. Hudson Capital Management LLC now owns 10,829 shares of the industrial products company’s stock worth $4,235,000 after acquiring an additional 479 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in shares of Caterpillar by 2.2% during the 3rd quarter. Independence Bank of Kentucky now owns 1,618 shares of the industrial products company’s stock worth $633,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Trading Down 0.4 %

Shares of CAT opened at $363.84 on Friday. The firm has a market capitalization of $175.66 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a 50-day moving average of $377.44 and a 200 day moving average of $371.18.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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, research analysts expect that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is currently 25.56%.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. 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 report on Friday, January 31st. Citigroup boosted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Bank of America lowered their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial decreased their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $383.13.

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.