Caterpillar Inc. $CAT Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its position in Caterpillar Inc. (NYSE:CAT) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,420 shares of the industrial products company’s stock after selling 3,218 shares during the quarter. Twin Capital Management Inc.’s holdings in Caterpillar were worth $4,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Aire Advisors LLC lifted its position in Caterpillar by 0.3% in the 2nd quarter. Aire Advisors LLC now owns 9,042 shares of the industrial products company’s stock valued at $3,510,000 after purchasing an additional 25 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its stake in Caterpillar by 0.5% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 4,954 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 25 shares during the period. Redwood Wealth Management Group LLC raised its position in shares of Caterpillar by 0.9% during the 2nd quarter. Redwood Wealth Management Group LLC now owns 2,669 shares of the industrial products company’s stock worth $1,036,000 after buying an additional 25 shares in the last quarter. Tsfg LLC lifted its stake in shares of Caterpillar by 9.8% in the 2nd quarter. Tsfg LLC now owns 279 shares of the industrial products company’s stock worth $108,000 after acquiring an additional 25 shares during the period. Finally, GSB Wealth Management LLC boosted its holdings in shares of Caterpillar by 1.2% in the second quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 4.0%

CAT stock opened at $569.33 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.81. The firm has a market capitalization of $266.72 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.33 and a beta of 1.51. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $596.21. The company’s 50 day simple moving average is $486.22 and its 200-day simple moving average is $414.84.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.17 EPS. As a group, equities research analysts anticipate 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 Thursday, November 20th. Shareholders of record on Monday, October 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 20th. Caterpillar’s payout ratio is 31.01%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,985 shares of company stock valued at $25,559,300 over the last three months. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research analyst reports. UBS Group upped their target price on Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays raised their target price on Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research note on Thursday, October 30th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective for the company in a research report on Tuesday, August 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $588.94.

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.