Caterpillar Inc. (NYSE:CAT) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,390 shares of the industrial products company’s stock after selling 100 shares during the quarter. Spirit of America Management Corp NY’s holdings in Caterpillar were worth $4,132,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after acquiring an additional 10,212 shares during the period. West Wealth Group LLC acquired a new stake in Caterpillar in the fourth quarter valued at $230,000. Alpha Cubed Investments LLC lifted its holdings in Caterpillar by 5.6% in the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock valued at $45,591,000 after acquiring an additional 6,212 shares during the period. Citizens Financial Group Inc. RI increased its position in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after buying an additional 4,181 shares in the last quarter. Finally, Cadinha & Co. LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $11,084,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CAT. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a research report on Monday. Citigroup raised their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $379.50.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,936 shares of company stock worth $11,558,971. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Up 0.2 %

NYSE CAT opened at $362.21 on Wednesday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a 50-day moving average of $380.00 and a 200-day moving average of $371.21. 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 has a market cap of $174.88 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.95 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts predict that Caterpillar Inc. will post 21.45 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is currently 25.56%.

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.