Schroder Investment Management Group Sells 33,168 Shares of Caterpillar Inc. (NYSE:CAT)

Schroder Investment Management Group lowered its stake in Caterpillar Inc. (NYSE:CATFree Report) by 8.6% in the fourth quarter, Holdings Channel reports. The fund owned 352,812 shares of the industrial products company’s stock after selling 33,168 shares during the quarter. Schroder Investment Management Group’s holdings in Caterpillar were worth $104,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAT. Partnership Wealth Management LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $26,000. Gilfoyle & Co LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $39,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $40,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $41,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.2 %

Shares of CAT traded up $0.71 during trading hours on Friday, reaching $329.00. The stock had a trading volume of 2,499,087 shares, compared to its average volume of 2,559,008. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $382.01. The firm has a 50-day simple moving average of $352.23 and a 200 day simple moving average of $320.78. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $160.90 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.69 and a beta of 1.14.

Caterpillar (NYSE:CATGet Free Report) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Equities research analysts predict that Caterpillar Inc. will post 21.81 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, April 22nd were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

Insider Buying and Selling

In other news, Director David Maclennan bought 500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the acquisition, the director now directly owns 5,738 shares in the company, valued at $1,935,943.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David Maclennan acquired 500 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the purchase, the director now owns 5,738 shares in the company, valued at $1,935,943.82. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now owns 71,115 shares in the company, valued at $25,380,943.50. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent research reports. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Truist Financial started coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. TD Cowen increased their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Citigroup increased their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $323.35.

Check Out Our Latest Analysis on CAT

Caterpillar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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