Primecap Management Co. CA Sells 46,490 Shares of Caterpillar Inc. (NYSE:CAT)

Primecap Management Co. CA reduced its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,804,480 shares of the industrial products company's stock after selling 46,490 shares during the period. Primecap Management Co. CA owned approximately 0.35% of Caterpillar worth $533,531,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Partnership Wealth Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Gilfoyle & Co LLC acquired a new position in shares of Caterpillar during the 4th quarter worth about $30,000. Fortitude Family Office LLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $39,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Caterpillar during the fourth quarter worth about $40,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in Caterpillar during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling

In other news, insider Lange Bob De sold 21,847 shares of the business's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares of the company's stock, valued at approximately $25,380,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Lange Bob De sold 21,847 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares of the company's stock, valued at approximately $25,380,943.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company's stock, valued at $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

Shares of CAT stock traded down $1.84 during trading on Friday, hitting $348.86. The company had a trading volume of 2,633,857 shares, compared to its average volume of 2,475,004. The stock's 50-day moving average price is $356.99 and its 200 day moving average price is $314.38. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The firm has a market capitalization of $170.61 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Equities analysts expect that Caterpillar Inc. will post 21.81 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, April 22nd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, April 19th. Caterpillar's payout ratio is presently 23.48%.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Caterpillar from $385.00 to $435.00 and gave the company an "overweight" rating in a report on Tuesday, April 16th. Oppenheimer restated a "market perform" rating on shares of Caterpillar in a research note on Thursday, April 18th. StockNews.com downgraded shares of Caterpillar from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 20th. Evercore ISI downgraded Caterpillar from an "outperform" rating to an "in-line" rating and boosted their price target for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company raised their price objective on Caterpillar from $290.00 to $325.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $323.35.

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.

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