Focus Financial Network Inc. Lowers Stock Position in Caterpillar Inc. (NYSE:CAT)

Focus Financial Network Inc. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,931 shares of the industrial products company’s stock after selling 132 shares during the quarter. Focus Financial Network Inc.’s holdings in Caterpillar were worth $3,965,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FSM Wealth Advisors LLC lifted its stake in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 25 shares during the last quarter. Smallwood Wealth Investment Management LLC raised its holdings in Caterpillar by 2.6% in the third quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company’s stock worth $405,000 after purchasing an additional 26 shares in the last quarter. Allen Capital Group LLC boosted its holdings in shares of Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock valued at $1,541,000 after buying an additional 26 shares in the last quarter. Wagner Wealth Management LLC grew its position in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock worth $242,000 after buying an additional 26 shares during the last quarter. Finally, First Bank & Trust raised its stake in shares of Caterpillar by 4.0% during the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.2 %

NYSE:CAT opened at $363.11 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company’s fifty day moving average price is $376.59 and its 200-day moving average price is $371.73. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The firm has a market capitalization of $175.31 billion, a P/E ratio of 16.45, a PEG ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT) last announced its quarterly 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 return on equity of 58.18% and a net margin of 16.65%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.55%. Caterpillar’s dividend payout ratio is presently 25.56%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

CAT has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Robert W. Baird boosted their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Finally, Citigroup increased their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $383.13.

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.