Johnson Financial Group Inc. Sells 1,285 Shares of Caterpillar Inc. (NYSE:CAT)

Johnson Financial Group Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,714 shares of the industrial products company's stock after selling 1,285 shares during the quarter. Johnson Financial Group Inc.'s holdings in Caterpillar were worth $5,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Caterpillar in the 4th quarter valued at approximately $2,184,364,000. Capital Research Global Investors raised its holdings in Caterpillar by 69.3% in the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after buying an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. bought a new position in Caterpillar in the 4th quarter valued at approximately $353,231,000. Proficio Capital Partners LLC raised its holdings in Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after buying an additional 803,166 shares during the last quarter. Finally, APG Asset Management N.V. raised its holdings in Caterpillar by 1,278.6% in the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company's stock valued at $154,367,000 after buying an additional 408,678 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup reduced their price objective on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $361.75.

Insider Buying and Selling at Caterpillar

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

Caterpillar Stock Up 0.2 %

NYSE:CAT traded up $0.51 on Monday, hitting $306.96. The stock had a trading volume of 2,189,607 shares, compared to its average volume of 2,620,106. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a market cap of $146.71 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The firm's fifty day simple moving average is $320.49 and its two-hundred day simple moving average is $359.48.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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%. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.84%. Caterpillar's dividend payout ratio (DPR) is 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.