Caterpillar Inc. (NYSE:CAT) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Caterpillar Inc. (NYSE:CAT) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 125,790 shares of the industrial products company’s stock after selling 7,573 shares during the period. Amalgamated Bank’s holdings in Caterpillar were worth $37,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Gilfoyle & Co LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $30,000. Fortitude Family Office LLC bought a new position in shares of Caterpillar in the 4th quarter worth about $39,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Caterpillar in the 3rd quarter valued at about $41,000. DiNuzzo Private Wealth Inc. acquired a new stake in Caterpillar during the fourth quarter worth about $41,000. Finally, Rational Advisors LLC acquired a new position in Caterpillar in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.3 %

CAT traded up $4.37 during midday trading on Thursday, reaching $335.44. 2,389,941 shares of the company were exchanged, compared to its average volume of 2,524,303. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The stock has a market capitalization of $164.05 billion, a P/E ratio of 14.95, a PEG ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The stock’s 50-day simple moving average is $351.36 and its 200 day simple moving average is $302.43.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. As a group, analysts forecast that Caterpillar Inc. will post 21.6 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is currently 23.48%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were 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 directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen boosted their price target on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and raised their target price for the company from $293.00 to $350.00 in a research note on Friday, April 26th. Robert W. Baird boosted their price target on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus price target of $323.35.

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.