Caterpillar Inc. (NYSE:CAT) Stock Holdings Cut by Azimuth Capital Management LLC

Azimuth Capital Management LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,821 shares of the industrial products company’s stock after selling 100 shares during the quarter. Azimuth Capital Management LLC’s holdings in Caterpillar were worth $2,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CAT. Ellsworth Advisors LLC boosted its stake in shares of Caterpillar by 12.9% during the 4th quarter. Ellsworth Advisors LLC now owns 8,714 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 997 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Caterpillar by 0.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,094,490 shares of the industrial products company’s stock worth $199,219,000 after acquiring an additional 9,192 shares in the last quarter. MV Capital Management Inc. boosted its stake in shares of Caterpillar by 29.9% during the 4th quarter. MV Capital Management Inc. now owns 7,746 shares of the industrial products company’s stock worth $1,410,000 after acquiring an additional 1,783 shares in the last quarter. Dowling & Yahnke LLC boosted its stake in shares of Caterpillar by 9.4% during the 4th quarter. Dowling & Yahnke LLC now owns 42,101 shares of the industrial products company’s stock worth $7,663,000 after acquiring an additional 3,619 shares in the last quarter. Finally, Baxter Bros Inc. bought a new stake in shares of Caterpillar during the 4th quarter worth $210,000. 67.48% of the stock is owned by hedge funds and other institutional investors.

In other Caterpillar news, CAO Gary Michael Marvel sold 4,634 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $173.26, for a total transaction of $802,886.84. Following the sale, the chief accounting officer now directly owns 4,634 shares of the company’s stock, valued at $802,886.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 10,970 shares of company stock worth $1,985,442 over the last ninety days. Company insiders own 0.31% of the company’s stock.

NYSE CAT traded up $0.39 during trading on Tuesday, reaching $218.45. 141,134 shares of the company traded hands, compared to its average volume of 3,237,768. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.54. The stock’s 50 day moving average price is $193.85 and its two-hundred day moving average price is $168.96. The company has a market cap of $119.12 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a 1-year low of $87.50 and a 1-year high of $218.87.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.63. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.24 billion. Caterpillar had a return on equity of 25.24% and a net margin of 7.60%. The company’s quarterly revenue was down 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.63 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 5.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Wednesday, January 20th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, January 19th. Caterpillar’s payout ratio is 37.25%.

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Caterpillar from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. JPMorgan Chase & Co. raised their target price on Caterpillar from $178.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 19th. Barclays raised their target price on Caterpillar from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 15th. Vertical Research initiated coverage on Caterpillar in a report on Wednesday, January 20th. They set a “buy” rating and a $230.00 price objective for the company. Finally, Jefferies Financial Group increased their price objective on Caterpillar from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Friday, January 15th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $172.80.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

Further Reading: Euro STOXX 50 Index

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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