Caterpillar Inc. (NYSE:CAT) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,492 shares of the industrial products company's stock after selling 1,248 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Caterpillar were worth $26,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Tradition Wealth Management LLC raised its holdings in Caterpillar by 8.8% during the 4th quarter. Tradition Wealth Management LLC now owns 2,696 shares of the industrial products company's stock valued at $978,000 after buying an additional 218 shares during the period. Transce3nd LLC bought a new position in Caterpillar in the fourth quarter worth approximately $233,000. Trajan Wealth LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth $4,776,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Caterpillar by 117.6% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 346 shares of the industrial products company's stock valued at $126,000 after buying an additional 187 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of Caterpillar by 1.0% during the fourth quarter. MML Investors Services LLC now owns 148,102 shares of the industrial products company's stock worth $53,725,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $359.36.

Caterpillar Stock Down 0.2 %

Caterpillar stock traded down $0.53 during trading on Friday, reaching $306.33. The stock had a trading volume of 2,162,256 shares, compared to its average volume of 2,797,985. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The business has a 50 day moving average price of $322.40 and a 200 day moving average price of $361.21. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $146.40 billion, a PE ratio of 13.88, a P/E/G ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last posted its 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%. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 25.56%.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

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.