Callan Capital LLC Trims Holdings in Caterpillar Inc. (NYSE:CAT)

Callan Capital LLC lowered its stake in Caterpillar Inc. (NYSE:CAT) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,230 shares of the industrial products company’s stock after selling 951 shares during the quarter. Callan Capital LLC’s holdings in Caterpillar were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Winslow Capital Management LLC boosted its position in shares of Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after acquiring an additional 1,070,570 shares during the last quarter. FMR LLC increased its position in shares of Caterpillar by 14.9% in the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Caterpillar by 5,293.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after purchasing an additional 473,416 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Caterpillar in the 3rd quarter worth approximately $101,872,000. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is owned by company insiders.

Caterpillar Stock Up 1.6 %

Shares of NYSE:CAT traded up $5.37 during trading on Friday, reaching $343.37. 3,324,221 shares of the stock traded hands, compared to its average volume of 2,496,459. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The stock has a market cap of $171.48 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. The stock has a 50-day moving average of $350.10 and a two-hundred day moving average of $300.80. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.3 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. Caterpillar’s payout ratio is currently 25.82%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CAT. JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and upped their target price for the stock from $293.00 to $350.00 in a research note on Friday. Wells Fargo & Company boosted their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $310.83.

Caterpillar 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.