RW Investment Management LLC Cuts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

RW Investment Management LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 584 shares of the industrial products company’s stock after selling 64 shares during the period. RW Investment Management LLC’s holdings in Caterpillar were worth $212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in shares of Caterpillar by 5.6% in the 4th quarter. Handelsbanken Fonder AB now owns 97,322 shares of the industrial products company’s stock valued at $35,305,000 after acquiring an additional 5,178 shares during the period. Wealth Alliance raised its stake in shares of Caterpillar by 15.2% in the 4th quarter. Wealth Alliance now owns 1,632 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 215 shares during the period. Sunpointe LLC raised its stake in shares of Caterpillar by 489.6% in the 4th quarter. Sunpointe LLC now owns 5,029 shares of the industrial products company’s stock valued at $1,824,000 after acquiring an additional 4,176 shares during the period. LMG Wealth Partners LLC raised its stake in shares of Caterpillar by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 9,892 shares of the industrial products company’s stock valued at $3,588,000 after acquiring an additional 68 shares during the period. Finally, Corps Capital Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $1,830,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Bank of America lowered their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average target price of $383.80.

Insider Activity

In related news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 18,704 shares of company stock valued at $7,226,584. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock opened at $353.26 on Thursday. The firm has a market cap of $170.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The firm has a fifty day moving average of $370.89 and a two-hundred day moving average of $372.54.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, research analysts anticipate that Caterpillar Inc. will post 19.98 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.