Bremer Bank National Association trimmed its position in Caterpillar Inc. (NYSE:CAT) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,488 shares of the industrial products company’s stock after selling 111 shares during the period. Bremer Bank National Association’s holdings in Caterpillar were worth $220,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth $29,000. Private Ocean LLC grew its stake in shares of Caterpillar by 62.9% in the third quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Savior LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth $36,000. G&S Capital LLC purchased a new stake in shares of Caterpillar in the third quarter worth $38,000. Finally, Evoke Wealth LLC purchased a new stake in shares of Caterpillar in the third quarter worth $38,000. 64.92% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on CAT shares. Credit Suisse Group increased their target price on Caterpillar from $150.00 to $173.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Citigroup increased their target price on Caterpillar from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. ValuEngine raised Caterpillar from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Wells Fargo & Co increased their target price on Caterpillar from $143.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, UBS Group cut their target price on Caterpillar to $110.00 and set a “sell” rating on the stock in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $148.24.
Shares of NYSE:CAT opened at $135.73 on Tuesday. The company has a market cap of $77.58 billion, a P/E ratio of 12.90, a PEG ratio of 1.51 and a beta of 1.52. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $150.55. The stock’s fifty day moving average price is $146.17 and its 200-day moving average price is $134.99.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s payout ratio is currently 36.72%.
In other news, insider Denise C. Johnson sold 68,993 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $146.37, for a total transaction of $10,098,505.41. Corporate insiders own 0.37% of the company’s stock.
Caterpillar Company Profile
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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