DT Investment Partners LLC Sells 637 Shares of Caterpillar Inc. $CAT

DT Investment Partners LLC lessened its position in Caterpillar Inc. (NYSE:CAT) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,218 shares of the industrial products company’s stock after selling 637 shares during the period. DT Investment Partners LLC’s holdings in Caterpillar were worth $4,135,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC increased its position in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 33 shares in the last quarter. IFS Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $31,000. Rialto Wealth Management LLC increased its position in shares of Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 18 shares in the last quarter. Finally, Noble Wealth Management PBC increased its position in shares of Caterpillar by 140.0% during the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Williams Trading set a $825.00 price objective on shares of Caterpillar in a research report on Tuesday, March 10th. HSBC increased their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Oppenheimer set a $980.00 price objective on shares of Caterpillar and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $923.14.

Caterpillar Stock Performance

Shares of CAT opened at $872.61 on Friday. Caterpillar Inc. has a 12 month low of $339.50 and a 12 month high of $931.35. The firm has a fifty day simple moving average of $811.10 and a 200 day simple moving average of $702.31. The stock has a market capitalization of $401.91 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 1.73 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were issued a dividend of $1.51 per share. The ex-dividend date was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio is presently 30.06%.

Insider Buying and Selling at Caterpillar

In related news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the transaction, the insider owned 49,825 shares in the company, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of the sale, the insider owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 98,273 shares of company stock valued at $89,439,960 in the last three months. 0.33% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.