Rathbones Group PLC Has $75.16 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Rathbones Group PLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,183 shares of the industrial products company's stock after selling 5,977 shares during the period. Rathbones Group PLC's holdings in Caterpillar were worth $75,158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new position in Caterpillar during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial lowered their price objective on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research note on Tuesday. DA Davidson boosted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price objective on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $373.20.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the business'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 in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Trading Up 1.4 %

Shares of Caterpillar stock traded up $4.19 on Friday, hitting $293.35. 3,197,039 shares of the company's stock traded hands, compared to its average volume of 2,625,986. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a market capitalization of $140.20 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The firm's 50-day moving average price is $333.97 and its two-hundred day moving average price is $367.17.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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, research analysts expect 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 given 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 is 25.56%.

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.