Siemens Fonds Invest GmbH Sells 13,039 Shares of Caterpillar Inc. (NYSE:CAT)

Siemens Fonds Invest GmbH lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 83.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,626 shares of the industrial products company's stock after selling 13,039 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Caterpillar were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $31,000. Finally, Investment Management Corp VA ADV bought a new position in shares of Caterpillar during the 4th quarter worth approximately $33,000. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a research report on Thursday, May 1st. Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $309.00 to $395.00 in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Wall Street Zen lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $372.92.

Insiders Place Their Bets

In related news, Director David Maclennan bought 375 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company's stock.

Caterpillar Trading Down 1.3%

Caterpillar stock traded down $4.69 during mid-day trading on Friday, hitting $347.10. The stock had a trading volume of 4,866,863 shares, compared to its average volume of 2,640,639. The stock has a 50-day simple moving average of $319.22 and a two-hundred day simple moving average of $351.14. The stock has a market capitalization of $163.50 billion, a PE ratio of 15.73, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio is 27.49%.

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.