Baldwin Investment Management LLC Sells 1,956 Shares of Caterpillar Inc. (NYSE:CAT)

Baldwin Investment Management LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,795 shares of the industrial products company's stock after selling 1,956 shares during the period. Baldwin Investment Management LLC's holdings in Caterpillar were worth $2,828,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Flagship Wealth Advisors LLC purchased a new stake in Caterpillar in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the fourth quarter worth approximately $34,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

CAT traded down $1.76 during trading on Tuesday, reaching $321.35. The stock had a trading volume of 1,722,052 shares, compared to its average volume of 2,628,526. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $153.58 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The stock has a 50 day moving average of $317.40 and a two-hundred day moving average of $356.53. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.60 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent research reports. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a research note on Thursday, May 1st. Citigroup increased their target price on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial restated a "buy" rating and issued a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Finally, Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $370.67.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% 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.