Tower Research Capital LLC TRC Sells 9,416 Shares of Caterpillar Inc. (NYSE:CAT)

Tower Research Capital LLC TRC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 22.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,778 shares of the industrial products company's stock after selling 9,416 shares during the quarter. Tower Research Capital LLC TRC's holdings in Caterpillar were worth $11,528,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock valued at $16,980,629,000 after purchasing an additional 284,366 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after acquiring an additional 236,315 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Caterpillar by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after purchasing an additional 129,143 shares during the last quarter. Norges Bank acquired a new stake in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Caterpillar by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after buying an additional 61,723 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

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

Caterpillar Trading Down 0.1 %

CAT traded down $0.27 during trading on Friday, hitting $306.59. The company's stock had a trading volume of 1,348,486 shares, compared to its average volume of 2,786,436. The stock's fifty day moving average price is $322.40 and its 200-day moving average price is $361.21. The firm has a market capitalization of $146.53 billion, a P/E ratio of 13.89, a PEG ratio of 1.87 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. Analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed 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. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 25.56%.

Analyst Upgrades and Downgrades

CAT has been the topic of several research reports. Truist Financial decreased their price target on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Evercore ISI raised their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $359.36.

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.