DRW Securities LLC Cuts Stock Position in Caterpillar Inc. (NYSE:CAT)

DRW Securities LLC reduced its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 71.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,556 shares of the industrial products company's stock after selling 3,945 shares during the quarter. DRW Securities LLC's holdings in Caterpillar were worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Norges Bank bought a new stake in Caterpillar in the fourth quarter worth $2,184,364,000. Raymond James Financial Inc. bought a new stake in Caterpillar during the 4th quarter valued at $353,231,000. Proficio Capital Partners LLC lifted its stake in Caterpillar by 50,072.7% in the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after acquiring an additional 803,166 shares during the period. APG Asset Management N.V. increased its position in shares of Caterpillar by 1,278.6% during the fourth 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 period. Finally, Amundi boosted its position in Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company's stock valued at $782,109,000 after acquiring an additional 318,891 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research reports. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $365.87.

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Caterpillar Trading Up 1.5 %

Shares of Caterpillar stock traded up $4.30 on Monday, reaching $297.75. The company had a trading volume of 1,020,021 shares, compared to its average volume of 2,622,302. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm's 50-day moving average price is $333.97 and its two-hundred day moving average price is $367.00. The firm has a market cap of $142.30 billion, a price-to-earnings ratio of 13.49, a P/E/G 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.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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 return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared 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. This represents a $5.64 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

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.