Greenleaf Trust Sells 372 Shares of Caterpillar Inc. (NYSE:CAT)

Greenleaf Trust lowered its stake in Caterpillar Inc. (NYSE:CAT) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,972 shares of the industrial products company’s stock after selling 372 shares during the period. Greenleaf Trust’s holdings in Caterpillar were worth $4,722,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Gilfoyle & Co LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $30,000. A.P. Gilfoyle & Co. L.P. bought a new position in shares of Caterpillar in the 4th quarter valued at $30,000. Atlas Capital Advisors LLC raised its holdings in shares of Caterpillar by 272.4% during the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after buying an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in Caterpillar in the second quarter valued at about $30,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the transaction, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CAT has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group raised their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup raised their price objective on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Morgan Stanley started coverage on Caterpillar in a report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Down 0.9 %

Caterpillar stock opened at $354.68 on Friday. The company has a market capitalization of $177.13 billion, a PE ratio of 17.61, a PEG ratio of 1.59 and a beta of 1.17. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm’s fifty day moving average is $346.70 and its 200 day moving average is $297.78. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period in the previous year, the company posted $3.86 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid 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 yield of 1.47%. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

About Caterpillar

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.