Caterpillar Inc. (NYSE:CAT) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 13.0% in the fourth quarter, Holdings Channel reports. The firm owned 10,009 shares of the industrial products company’s stock after selling 1,500 shares during the period. Schnieders Capital Management LLC’s holdings in Caterpillar were worth $2,959,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CAT. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in Caterpillar in the fourth quarter worth about $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar in the 3rd quarter valued at about $41,000. Rational Advisors LLC bought a new position in shares of Caterpillar during the 3rd quarter valued at about $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Caterpillar in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $5.78 during trading on Tuesday, reaching $363.39. The stock had a trading volume of 1,809,967 shares, compared to its average volume of 2,428,498. The business’s 50-day moving average price is $348.44 and its 200 day moving average price is $299.59. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The stock has a market capitalization of $181.48 billion, a PE ratio of 18.04, a P/E/G ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CAT) last released its earnings results 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 company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 21.41 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Caterpillar news, Director David Maclennan bought 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,769 shares of company stock worth $14,509,306. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CAT. The Goldman Sachs Group increased their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. 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 for the company. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. Finally, Citigroup lifted their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.56.

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.