Cross Staff Investments Inc Sells 59 Shares of Caterpillar Inc. (NYSE:CAT)

Cross Staff Investments Inc decreased its position in Caterpillar Inc. (NYSE:CAT) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,104 shares of the industrial products company’s stock after selling 59 shares during the quarter. Caterpillar makes up approximately 1.9% of Cross Staff Investments Inc’s portfolio, making the stock its 9th largest position. Cross Staff Investments Inc’s holdings in Caterpillar were worth $2,100,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC grew its position in Caterpillar by 112.0% during the third quarter. Impact Partnership Wealth LLC now owns 638 shares of the industrial products company’s stock valued at $174,000 after buying an additional 337 shares during the period. Integrated Investment Consultants LLC grew its position in Caterpillar by 2.8% during the third quarter. Integrated Investment Consultants LLC now owns 1,504 shares of the industrial products company’s stock valued at $410,000 after buying an additional 41 shares during the period. Private Trust Co. NA grew its position in Caterpillar by 3.8% during the third quarter. Private Trust Co. NA now owns 10,829 shares of the industrial products company’s stock valued at $2,956,000 after buying an additional 396 shares during the period. Holland Advisory Services Inc. bought a new position in Caterpillar during the third quarter valued at about $215,000. Finally, Washington Trust Advisors Inc. grew its position in Caterpillar by 5.1% during the third quarter. Washington Trust Advisors Inc. now owns 3,232 shares of the industrial products company’s stock valued at $882,000 after buying an additional 157 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 owns 57,317 shares in the company, valued at $17,774,001.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,769 shares of company stock worth $11,508,906. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAT. Citigroup increased their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company increased their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. TD Cowen increased their target price on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $310.83.

Caterpillar Price Performance

CAT traded up $6.10 on Friday, reaching $344.10. The company had a trading volume of 2,040,550 shares, compared to its average volume of 2,479,667. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The business has a 50 day simple moving average of $349.67 and a 200 day simple moving average of $300.30. The company has a market cap of $171.84 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.62 and a beta of 1.17.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.3 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is 25.82%.

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.