Caterpillar Inc. (NYSE:CAT) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 2.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,070 shares of the industrial products company’s stock after selling 780 shares during the period. Caterpillar makes up 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Caterpillar were worth $10,073,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lodestar Private Asset Management LLC grew its stake in Caterpillar by 4.4% in the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 35 shares during the last quarter. Desjardins Global Asset Management Inc. grew its stake in Caterpillar by 1.4% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 35 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Caterpillar by 1.0% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 36 shares during the last quarter. ACT Wealth Management LLC lifted its holdings in Caterpillar by 4.3% in the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 36 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Caterpillar by 2.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on 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 transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction 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 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 filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 35,769 shares of company stock valued at $11,508,906 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on CAT shares. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Wells Fargo & Company upped their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. The Goldman Sachs Group increased their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, Citigroup increased their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $310.83.

Caterpillar Stock Performance

Caterpillar stock traded up $5.38 during mid-day trading on Friday, reaching $343.38. The company’s stock had a trading volume of 3,324,630 shares, compared to its average volume of 2,414,735. The firm has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.51 and a beta of 1.17. The business has a 50 day moving average price of $350.10 and a 200-day moving average price of $300.80. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Sell-side analysts predict that Caterpillar Inc. will post 21.3 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.51%. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

About Caterpillar

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.