GAM Holding AG Sells 987 Shares of Caterpillar Inc. (NYSE:CAT)

GAM Holding AG cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,243 shares of the industrial products company's stock after selling 987 shares during the period. GAM Holding AG's holdings in Caterpillar were worth $5,167,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the third quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the fourth quarter worth about $34,000. Kimelman & Baird LLC boosted its position in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after buying an additional 30 shares during the period. Albion Financial Group UT boosted its position 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 worth $36,000 after buying an additional 77 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its position in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after buying an additional 65 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. Bank of America dropped their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group upped their target price on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, Truist Financial dropped their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Caterpillar currently has an average rating of "Hold" and an average target price of $383.80.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock valued at $7,226,584 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $9.31 during trading hours on Friday, reaching $339.84. 3,219,133 shares of the stock were exchanged, compared to its average volume of 2,416,826. The firm has a market capitalization of $162.42 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.89 and a beta of 1.12. 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 52 week low of $307.05 and a 52 week high of $418.50. The stock's fifty day simple moving average is $369.54 and its 200 day simple moving average is $372.24.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio is currently 25.56%.

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.