Menora Mivtachim Holdings LTD. Sells 70,783 Shares of Caterpillar Inc. (NYSE:CAT)

Menora Mivtachim Holdings LTD. lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,217 shares of the industrial products company's stock after selling 70,783 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 0.07% of Caterpillar worth $124,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Caterpillar by 0.7% in the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock valued at $285,382,000 after acquiring an additional 5,371 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after buying an additional 50 shares in the last quarter. Tudor Financial Inc. bought a new stake in Caterpillar in the 3rd quarter valued at $854,000. Anchor Investment Management LLC raised its stake in shares of Caterpillar by 2.9% in the 3rd quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock valued at $5,208,000 after buying an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Caterpillar by 26.6% during the 3rd quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock worth $1,569,000 after acquiring an additional 843 shares during the period. 70.98% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on CAT. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Evercore ISI lifted their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Finally, Wedbush upgraded shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Hold" and an average price target of $365.87.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 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 represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $2.78 on Tuesday, hitting $300.90. The company's stock had a trading volume of 408,297 shares, compared to its average volume of 2,765,598. The company has a market capitalization of $143.81 billion, a PE ratio of 13.63, a PEG ratio of 1.87 and a beta of 1.21. 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 company has a 50-day simple moving average of $332.75 and a 200 day simple moving average of $366.35. 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 earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.87%. Caterpillar's payout ratio is 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.