Apollon Financial LLC Sells 31 Shares of Caterpillar Inc. (NYSE:CAT)

Apollon Financial LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,309 shares of the industrial products company’s stock after selling 31 shares during the period. Apollon Financial LLC’s holdings in Caterpillar were worth $475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the fourth quarter worth $34,000. Kimelman & Baird LLC lifted its stake in shares of Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its position in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated 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 transaction, the insider now owns 33,565 shares of the company’s stock, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Stock Down 0.4 %

Shares of NYSE CAT opened at $363.84 on Friday. The business’s fifty day moving average price is $377.44 and its 200-day moving average price is $371.18. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The stock has a market capitalization of $175.66 billion, a PE ratio of 16.49, a P/E/G 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 (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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 research analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CAT shares. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Robert W. Baird increased their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently 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.