Cypress Capital Group Cuts Holdings in Caterpillar Inc. (NYSE:CAT)

Cypress Capital Group trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,684 shares of the industrial products company's stock after selling 889 shares during the quarter. Cypress Capital Group's holdings in Caterpillar were worth $1,336,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAT. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar during the third quarter valued at approximately $36,000. Finally, Albion Financial Group UT lifted its holdings in shares of Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 77 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, the director now directly 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

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Caterpillar Stock Performance

Shares of NYSE CAT traded up $9.96 during midday trading on Friday, hitting $350.97. 3,061,142 shares of the stock traded hands, compared to its average volume of 2,503,377. The firm has a 50-day moving average of $363.11 and a two-hundred day moving average of $372.57. The firm has a market capitalization of $167.74 billion, a P/E ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

Analyst Ratings Changes

CAT has been the subject of several recent research reports. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. Bank of America decreased their price objective 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. Finally, Evercore ISI boosted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $383.80.

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.