Bryn Mawr Capital Management LLC Lowers Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Bryn Mawr Capital Management LLC lowered its stake in Caterpillar Inc. (NYSE:CAT) by 18.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,969 shares of the industrial products company’s stock after selling 433 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Caterpillar were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Waterway Wealth Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at approximately $352,000. Farmers Trust Co. increased its holdings in shares of Caterpillar by 2.7% in the 4th 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 in the last quarter. Firethorn Wealth Partners LLC raised its stake in shares of Caterpillar by 19.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 296 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of Caterpillar by 16.7% during the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC increased its holdings in 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 buying an additional 78 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $343.38 on Friday. The firm’s 50 day simple moving average is $350.10 and its two-hundred day simple moving average is $300.99. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.87. The company has a market capitalization of $171.48 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.53 and a beta of 1.17. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Research analysts expect that Caterpillar Inc. will post 21.44 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.51%. Caterpillar’s payout ratio is 23.48%.

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan bought 350 shares of the stock in a transaction dated Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director David Maclennan purchased 350 shares of Caterpillar stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price for the company. TD Cowen increased their price target on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Robert W. Baird increased their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $310.83.

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.