Caterpillar Inc. (NYSE:CAT) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,447 shares of the industrial products company’s stock after selling 15,022 shares during the period. Temasek Holdings Private Ltd’s holdings in Caterpillar were worth $14,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar in the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar in the 4th quarter valued at about $34,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $353.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $166.56 billion, a PE ratio of 16.02, a P/E/G ratio of 1.87 and a beta of 1.35. The business has a fifty day simple moving average of $317.42 and a 200-day simple moving average of $353.91. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.60 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s payout ratio is 27.49%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of recent analyst reports. Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley raised Caterpillar from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. DA Davidson lifted their price target on Caterpillar from $325.00 to $331.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Finally, Evercore ISI upped their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $375.50.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Maclennan purchased 375 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

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.