Caterpillar Inc. (NYSE:CAT) Shares Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management trimmed its position in Caterpillar Inc. (NYSE:CAT) by 9.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673 shares of the industrial products company’s stock after selling 74 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Caterpillar were worth $244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the 3rd quarter worth approximately $36,000. Albion Financial Group UT grew its holdings in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares in the last quarter. Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 65 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Trading Up 0.6 %

Shares of NYSE:CAT opened at $355.42 on Wednesday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm has a market cap of $171.60 billion, a P/E ratio of 16.10, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a 50 day moving average of $371.55 and a 200-day moving average of $372.29. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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%. As a group, analysts anticipate that Caterpillar Inc. will post 19.98 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Analysts Set New Price Targets

Several research analysts have commented on CAT shares. JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $383.13.

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.