Summit Trail Advisors LLC Trims Stock Position in Caterpillar Inc. (NYSE:CAT)

Summit Trail Advisors LLC cut its position in Caterpillar Inc. (NYSE:CAT) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,766 shares of the industrial products company’s stock after selling 396 shares during the quarter. Summit Trail Advisors LLC’s holdings in Caterpillar were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in CAT. Gilfoyle & Co LLC purchased a new stake in Caterpillar in the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC purchased a new position in shares of Caterpillar in the 4th quarter worth about $39,000. DiNuzzo Private Wealth Inc. purchased a new stake in Caterpillar in the fourth quarter worth approximately $41,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Caterpillar in the 3rd quarter valued at $41,000. Finally, Rational Advisors LLC bought a new position in shares of Caterpillar during the 3rd quarter valued at $42,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the firm’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 sale, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on CAT shares. Wells Fargo & Company upped their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average price target of $323.35.

Caterpillar Stock Up 1.6 %

CAT stock traded up $5.40 on Monday, reaching $342.15. 1,653,389 shares of the company traded hands, compared to its average volume of 2,509,182. The firm has a fifty day simple moving average of $351.89 and a 200-day simple moving average of $303.64. The company has a market cap of $167.33 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Research analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend 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.