Caterpillar Inc. (NYSE:CAT) Shares Purchased by RB Capital Management LLC

RB Capital Management LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,286 shares of the industrial products company’s stock after purchasing an additional 110 shares during the period. RB Capital Management LLC’s holdings in Caterpillar were worth $2,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $30,000. Fortitude Family Office LLC acquired a new position in shares of Caterpillar in the fourth quarter worth about $39,000. DiNuzzo Private Wealth Inc. acquired a new stake in Caterpillar during the 4th quarter valued at approximately $41,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Caterpillar during the third quarter worth approximately $41,000. Finally, Rational Advisors LLC acquired a new stake in Caterpillar in the third quarter valued at $42,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. Morgan Stanley started coverage on Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, TD Cowen boosted their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating 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 assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $323.35.

Caterpillar Stock Down 1.0 %

Caterpillar stock traded down $3.50 during trading hours on Wednesday, hitting $331.07. The company had a trading volume of 3,511,733 shares, compared to its average volume of 2,512,631. The firm’s fifty day moving average is $351.08 and its 200-day moving average is $302.22. The firm has a market capitalization of $165.34 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01. 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:CAT) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, research analysts forecast that Caterpillar Inc. will post 21.57 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.57%. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Insider Buying and Selling

In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last three months, insiders sold 35,769 shares of company stock valued at $11,508,906. Company insiders own 0.33% of the company’s stock.

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.