Guyasuta Investment Advisors Inc. Reduces Position in Caterpillar Inc. (NYSE:CAT)

Guyasuta Investment Advisors Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,612 shares of the industrial products company’s stock after selling 50 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Caterpillar were worth $4,320,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Waterway Wealth Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $352,000. Farmers Trust Co. lifted its holdings in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after acquiring an additional 120 shares during the period. Firethorn Wealth Partners LLC lifted its holdings in Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 296 shares during the period. Panagora Asset Management Inc. lifted its holdings in Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after acquiring an additional 52,576 shares during the period. Finally, Rise Advisors LLC lifted its holdings in Caterpillar by 7.8% in the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after acquiring an additional 78 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on CAT. TD Cowen raised their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial initiated coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, The Goldman Sachs Group upped their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $316.88.

Caterpillar Trading Up 2.1 %

Caterpillar stock traded up $7.08 during midday trading on Monday, reaching $350.46. 923,797 shares of the stock traded hands, compared to its average volume of 2,476,857. The company has a 50-day simple moving average of $350.10 and a two-hundred day simple moving average of $301.19. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01. The firm has a market cap of $175.02 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. The company 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%. Research analysts expect that Caterpillar Inc. will post 21.44 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.48%. Caterpillar’s dividend payout ratio is currently 23.48%.

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.