Caterpillar Inc. (NYSE:CAT) Shares Sold by Strs Ohio

Strs Ohio cut its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 245,537 shares of the industrial products company's stock after selling 57,266 shares during the quarter. Strs Ohio's holdings in Caterpillar were worth $72,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company's stock valued at $2,343,859,000 after purchasing an additional 9,776,533 shares in the last quarter. Northern Trust Corp lifted its position in Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company's stock worth $1,900,847,000 after buying an additional 111,384 shares during the last quarter. Morgan Stanley lifted its position in Caterpillar by 0.7% in the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company's stock worth $1,864,823,000 after buying an additional 47,258 shares during the last quarter. FMR LLC lifted its position in Caterpillar by 14.9% in the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company's stock worth $1,648,431,000 after buying an additional 781,111 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Caterpillar by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company's stock worth $892,724,000 after buying an additional 92,360 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 over the last quarter. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAT. Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They issued a "buy" rating and a $390.00 price target for the company. Stifel Nicolaus raised their price target on Caterpillar from $285.00 to $293.00 and gave the stock a "buy" rating in a research report on Tuesday, December 19th. StockNews.com downgraded Caterpillar from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 20th. TD Cowen lifted their target price on Caterpillar from $300.00 to $338.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird lifted their target price on Caterpillar from $210.00 to $257.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $301.94.

Caterpillar Stock Down 1.7 %

Shares of CAT stock traded down $6.35 on Friday, hitting $365.63. The stock had a trading volume of 2,072,870 shares, compared to its average volume of 2,230,103. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $342.95 and a 200 day moving average price of $295.12. The company has a market cap of $182.60 billion, a PE ratio of 18.15, a P/E/G ratio of 1.63 and a beta of 1.17. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.42%. Caterpillar's dividend payout ratio (DPR) is presently 25.82%.

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.