Xponance Inc. Sells 3,593 Shares of Caterpillar Inc. (NYSE:CAT)

Xponance Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 99,207 shares of the industrial products company’s stock after selling 3,593 shares during the quarter. Xponance Inc.’s holdings in Caterpillar were worth $29,333,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gilfoyle & Co LLC purchased a new stake in Caterpillar during the 4th quarter worth about $30,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Caterpillar during the 4th quarter worth about $30,000. Atlas Capital Advisors LLC lifted its holdings in Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 95 shares in the last quarter. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of Caterpillar in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group raised their price target on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup raised their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Morgan Stanley initiated coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Finally, Sanford C. Bernstein increased their price objective on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $307.56.

Caterpillar Trading Down 0.1 %

Shares of CAT stock traded down $0.39 during trading hours on Thursday, reaching $357.93. The company’s stock had a trading volume of 1,920,134 shares, compared to its average volume of 2,422,963. The stock has a market capitalization of $178.75 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The firm’s fifty day simple moving average is $345.24 and its 200 day simple moving average is $296.78. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $3.86 EPS. Equities research analysts expect that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is presently 25.82%.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Maclennan acquired 350 shares of the stock in a transaction on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last quarter. 0.33% of the stock is owned by company insiders.

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.