Twin Capital Management Inc. Has $4.90 Million Stake in Caterpillar Inc. (NYSE:CAT)

Twin Capital Management Inc. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,585 shares of the industrial products company’s stock after selling 302 shares during the period. Twin Capital Management Inc.’s holdings in Caterpillar were worth $4,904,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC increased its holdings in shares of Caterpillar by 130,632.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after purchasing an additional 9,776,533 shares during the period. Northern Trust Corp increased its holdings in Caterpillar by 1.6% in the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares during the last quarter. Morgan Stanley increased its holdings in Caterpillar by 0.7% in the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after buying an additional 47,258 shares during the last quarter. FMR LLC increased its holdings in 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 buying an additional 781,111 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Caterpillar by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock worth $892,724,000 after buying an additional 92,360 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird increased their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Citigroup increased their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Sanford C. Bernstein increased their price objective on Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a report on Thursday, December 21st. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, TD Cowen increased their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Performance

CAT traded down $0.78 during trading on Thursday, hitting $357.54. The stock had a trading volume of 876,762 shares, compared to its average volume of 2,413,979. The company has a 50 day moving average price of $345.24 and a 200-day moving average price of $296.78. The firm has a market cap of $178.56 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 EPS. As a group, research analysts predict that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced 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 is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. Caterpillar’s payout ratio is 25.82%.

Insider Activity

In related news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last three months, insiders sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is currently owned by company 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.