Mine & Arao Wealth Creation & Management LLC. Sells 165 Shares of Caterpillar Inc. (NYSE:CAT)

Mine & Arao Wealth Creation & Management LLC. lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 7.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,016 shares of the industrial products company’s stock after selling 165 shares during the period. Mine & Arao Wealth Creation & Management LLC.’s holdings in Caterpillar were worth $732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of Caterpillar in the 2nd quarter valued at approximately $114,000. Anchor Investment Management LLC boosted its holdings in shares of Caterpillar by 3.9% in the second quarter. Anchor Investment Management LLC now owns 12,941 shares of the industrial products company’s stock valued at $4,311,000 after buying an additional 489 shares during the period. Centaurus Financial Inc. increased its position in shares of Caterpillar by 83.5% during the second quarter. Centaurus Financial Inc. now owns 4,535 shares of the industrial products company’s stock worth $1,511,000 after acquiring an additional 2,063 shares in the last quarter. Jacobs & Co. CA lifted its position in Caterpillar by 0.5% in the 3rd quarter. Jacobs & Co. CA now owns 40,231 shares of the industrial products company’s stock valued at $15,735,000 after acquiring an additional 215 shares in the last quarter. Finally, Doliver Advisors LP boosted its stake in Caterpillar by 2.2% in the 3rd quarter. Doliver Advisors LP now owns 1,518 shares of the industrial products company’s stock worth $594,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. UBS Group boosted their price target on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Caterpillar has an average rating of “Hold” and an average target price of $384.60.

Caterpillar Trading Down 4.4 %

NYSE CAT opened at $375.98 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $181.52 billion, a P/E ratio of 17.43, a PEG ratio of 2.05 and a beta of 1.13. The business has a fifty day simple moving average of $381.68 and a 200 day simple moving average of $370.78. Caterpillar Inc. has a 12 month low of $299.93 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. On average, analysts predict that Caterpillar Inc. will post 21.71 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.50%. Caterpillar’s dividend payout ratio is currently 26.15%.

Insider Buying and Selling

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the sale, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,900 shares of company stock valued at $13,111,601. 0.29% of the stock is owned by insiders.

About Caterpillar

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.