First Citizens Bank & Trust Co. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,277 shares of the industrial products company’s stock after selling 739 shares during the period. First Citizens Bank & Trust Co.’s holdings in Caterpillar were worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after acquiring an additional 2,377,623 shares during the period. FMR LLC boosted its holdings in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after acquiring an additional 2,052,300 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in Caterpillar by 10.9% during the second quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock valued at $328,625,000 after acquiring an additional 301,739 shares during the period. Legal & General Group Plc boosted its holdings in Caterpillar by 0.4% during the third quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock valued at $368,648,000 after acquiring an additional 11,745 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock valued at $327,653,000 after acquiring an additional 1,536,470 shares during the period. Hedge funds and other institutional investors own 68.54% of the company’s stock.

In related news, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 1,572 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $137.58, for a total transaction of $216,275.76. Following the completion of the transaction, the insider now directly owns 11,096 shares of the company’s stock, valued at approximately $1,526,587.68. The disclosure for this sale can be found here. Insiders sold 52,989 shares of company stock valued at $7,235,850 in the last three months. Company insiders own 0.14% of the company’s stock.

Caterpillar Inc. (NYSE CAT) opened at $170.30 on Friday. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $170.67. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.44 and a quick ratio of 1.04. The stock has a market cap of $100,662.77, a PE ratio of 118.26, a P/E/G ratio of 2.09 and a beta of 1.29.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. analysts expect that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.

A number of equities research analysts have issued reports on CAT shares. Wells Fargo & Co set a $150.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Monday, October 16th. They noted that the move was a valuation call. Tigress Financial restated a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. UBS Group upgraded shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price target for the company from $116.00 to $140.00 in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Wednesday, October 11th. Finally, Goldman Sachs Group increased their target price on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $147.72.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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