Twin Capital Management Inc. Sells 302 Shares of Caterpillar Inc. (NYSE:CAT)

Twin Capital Management Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,585 shares of the industrial products company’s stock after selling 302 shares during the quarter. Twin Capital Management Inc.’s holdings in Caterpillar were worth $4,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Atlas Capital Advisors LLC raised its holdings in Caterpillar by 272.4% during the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Caterpillar by 730.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Gilfoyle & Co LLC bought a new stake in Caterpillar during the fourth quarter valued at about $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar in the fourth quarter worth about $30,000. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Caterpillar in the second quarter worth about $30,000. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAT shares. Citigroup lifted their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. The Goldman Sachs Group lifted their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Robert W. Baird lifted their price target on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $307.56.

Caterpillar Trading Down 0.2 %

Shares of NYSE:CAT traded down $0.78 during trading hours on Thursday, hitting $357.54. 876,762 shares of the company’s stock traded hands, compared to its average volume of 2,413,979. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $382.01. The business has a fifty day moving average price of $345.24 and a 200-day moving average price of $296.78. The firm has a market capitalization of $178.56 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the business earned $3.86 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts expect that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. Caterpillar’s payout ratio is 25.82%.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value 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 $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,769 shares of company stock worth $14,509,306. Company insiders own 0.33% of the company’s stock.

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.