Caterpillar Inc. (NYSE:CAT) Shares Sold by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,217 shares of the industrial products company's stock after selling 70,783 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 0.07% of Caterpillar worth $124,505,000 as of its most recent SEC filing.

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

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded up $3.68 during mid-day trading on Thursday, reaching $293.82. 2,716,340 shares of the company's stock were exchanged, compared to its average volume of 2,636,779. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. 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 company has a 50-day simple moving average of $329.84 and a two-hundred day simple moving average of $365.33. The company has a market cap of $140.42 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CAT shares. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Truist Financial reduced their target price on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their target price on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and upped their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, DA Davidson boosted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $361.64.

Caterpillar Company 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.