Centiva Capital LP Sells 10,215 Shares of Caterpillar Inc. (NYSE:CAT)

Centiva Capital LP reduced its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 66.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,163 shares of the industrial products company's stock after selling 10,215 shares during the quarter. Centiva Capital LP's holdings in Caterpillar were worth $1,873,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FSM Wealth Advisors LLC boosted its position in Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares in the last quarter. Allen Capital Group LLC grew its stake in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after acquiring an additional 26 shares during the period. Wagner Wealth Management LLC raised its stake in Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after buying an additional 26 shares during the last quarter. Channel Wealth LLC boosted its position in Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after purchasing an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. grew its position in Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after buying an additional 27 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CAT shares. Citigroup raised their price target on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a report on Monday, May 5th. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Evercore ISI increased their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $370.67.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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 approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Maclennan acquired 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This represents a 5.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Up 0.4 %

Caterpillar stock traded up $1.22 during mid-day trading on Friday, hitting $325.47. The company's stock had a trading volume of 1,646,220 shares, compared to its average volume of 2,623,458. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The stock has a market cap of $153.31 billion, a PE ratio of 14.75, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a 50 day moving average of $316.76 and a 200-day moving average of $355.18. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

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

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.73%. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

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.