Caterpillar Inc. (NYSE:CAT) Shares Sold by WD Rutherford LLC

WD Rutherford LLC reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,195 shares of the industrial products company’s stock after selling 70 shares during the period. WD Rutherford LLC’s holdings in Caterpillar were worth $1,211,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Waterway Wealth Management LLC purchased a new stake in Caterpillar during the 4th quarter valued at approximately $352,000. Farmers Trust Co. lifted its holdings in shares of Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after purchasing an additional 120 shares during the period. Firethorn Wealth Partners LLC grew its position in Caterpillar by 19.4% in the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after buying an additional 296 shares during the last quarter. Panagora Asset Management Inc. raised its position in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC lifted its stake in shares of Caterpillar by 7.8% in the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 78 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,769 shares of company stock valued at $11,508,906. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CAT. JPMorgan Chase & Co. boosted their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and boosted their target price for the stock from $293.00 to $350.00 in a research report on Friday. Morgan Stanley started coverage on shares of Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Finally, Robert W. Baird upped their price target on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus target price of $310.83.

Caterpillar Price Performance

CAT stock opened at $343.37 on Friday. The stock’s fifty day simple moving average is $350.10 and its 200-day simple moving average is $300.80. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The stock has a market capitalization of $171.48 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $16.07 billion. Equities research analysts expect 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. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is currently 23.48%.

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.