Tidal Investments LLC Has $10.58 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Tidal Investments LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 11.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,056 shares of the industrial products company's stock after selling 3,496 shares during the period. Tidal Investments LLC's holdings in Caterpillar were worth $10,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Connections Group Inc. bought a new stake in shares of Caterpillar in the 2nd quarter worth about $28,000. Fairscale Capital LLC bought a new stake in Caterpillar during the second quarter worth about $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the third quarter worth approximately $36,000. POM Investment Strategies LLC raised its stake in shares of Caterpillar by 2,160.0% in the second quarter. POM Investment Strategies LLC now owns 113 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 108 shares during the last quarter. Finally, Kimelman & Baird LLC boosted its holdings in shares of Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CAT shares. Bank of America lifted their price objective on Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Monday. Evercore ISI lowered Caterpillar from an "in-line" rating to an "underperform" rating and increased their price objective for the company from $321.00 to $365.00 in a research report on Wednesday, November 13th. Morgan Stanley downgraded Caterpillar from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Finally, Citigroup raised their price target on Caterpillar from $435.00 to $460.00 and gave the company a "buy" rating in a report on Monday. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and an average target price of $374.69.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 over the last quarter. Corporate insiders own 0.29% of the company's stock.

Caterpillar Trading Down 0.2 %

Shares of NYSE CAT traded down $0.82 during midday trading on Friday, reaching $379.96. 1,022,339 shares of the stock were exchanged, compared to its average volume of 2,549,053. Caterpillar Inc. has a 12 month low of $270.55 and a 12 month high of $418.50. The company has a market capitalization of $183.44 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business has a 50-day simple moving average of $392.62 and a two-hundred day simple moving average of $360.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm's revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $5.52 earnings per share. As a group, equities research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Tuesday, January 21st. Caterpillar's payout ratio is currently 26.15%.

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.