Caterpillar Inc. (NYSE:CAT) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,264 shares of the industrial products company’s stock after selling 48 shares during the period. Tiemann Investment Advisors LLC’s holdings in Caterpillar were worth $1,184,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its holdings in shares of Caterpillar by 3.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 148,677 shares of the industrial products company’s stock worth $53,934,000 after purchasing an additional 4,318 shares during the period. FWG Holdings LLC raised its position in Caterpillar by 9.0% during the 4th quarter. FWG Holdings LLC now owns 2,655 shares of the industrial products company’s stock worth $960,000 after buying an additional 219 shares during the last quarter. Main Street Research LLC lifted its stake in Caterpillar by 2.6% during the 4th quarter. Main Street Research LLC now owns 96,486 shares of the industrial products company’s stock valued at $35,001,000 after acquiring an additional 2,436 shares during the period. Isthmus Partners LLC boosted its holdings in shares of Caterpillar by 40.7% in the 4th quarter. Isthmus Partners LLC now owns 1,557 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 450 shares during the last quarter. Finally, Rebalance LLC increased its stake in shares of Caterpillar by 14.8% in the fourth quarter. Rebalance LLC now owns 947 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 122 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent research reports. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Caterpillar Trading Up 2.9 %

Shares of Caterpillar stock opened at $350.97 on Monday. 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 stock’s 50 day simple moving average is $363.11 and its 200-day simple moving average is $372.98. The stock has a market cap of $167.74 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

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, beating 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%. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s payout ratio is presently 25.56%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Company 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.