Caterpillar Inc. (NYSE:CAT) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the industrial products company’s stock after selling 104 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in Caterpillar were worth $435,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAT. Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $34,000. Fairscale Capital LLC purchased a new position in Caterpillar during the second quarter valued at $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the third quarter valued at about $36,000. Kimelman & Baird LLC increased its stake in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock worth $13,480,389 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CAT. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup lowered their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. UBS Group increased their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Finally, Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $380.60.

Caterpillar Trading Up 1.4 %

NYSE CAT opened at $386.03 on Tuesday. Caterpillar Inc. has a 12 month low of $277.66 and a 12 month high of $418.50. The stock has a market capitalization of $186.38 billion, a P/E ratio of 17.90, a PEG ratio of 1.91 and a beta of 1.13. The firm’s 50-day moving average is $380.09 and its two-hundred day moving average is $367.29. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company earned $5.52 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar’s dividend payout ratio is presently 26.15%.

Caterpillar 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.