1832 Asset Management L.P. Has $67,000 Position in Caterpillar Inc. (NYSE:CAT)

1832 Asset Management L.P. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CATFree Report) by 99.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 228 shares of the industrial products company’s stock after selling 434,172 shares during the period. 1832 Asset Management L.P.’s holdings in Caterpillar were worth $67,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CAT. Partnership Wealth Management LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $26,000. Gilfoyle & Co LLC acquired a new position in Caterpillar during the fourth quarter worth $30,000. Fortitude Family Office LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $39,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $40,000. Finally, DiNuzzo Private Wealth Inc. bought a new position in Caterpillar during the 4th quarter valued at about $41,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 0.2 %

CAT stock opened at $329.46 on Tuesday. The business has a 50-day moving average of $351.54 and a 200-day moving average of $322.39. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $382.01. The stock has a market capitalization of $161.12 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.81 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were given a dividend of $1.30 per share. The ex-dividend date was Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.58%. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup lifted their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. TD Cowen upped their price objective on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. Finally, Stifel Nicolaus downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and upped their target price for the company from $293.00 to $350.00 in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $323.35.

Get Our Latest Report on CAT

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 21,847 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the sale, the insider now owns 71,115 shares in the company, valued at $25,380,943.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Cheryl H. Johnson sold 1,508 shares of Caterpillar stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the transaction, the insider now owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the sale, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

About Caterpillar

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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