Global Trust Asset Management LLC Sells 1,785 Shares of Caterpillar Inc. (CAT)

Global Trust Asset Management LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 84.1% in the 4th quarter, Holdings Channel reports. The firm owned 338 shares of the industrial products company’s stock after selling 1,785 shares during the period. Global Trust Asset Management LLC’s holdings in Caterpillar were worth $43,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CAT. North Star Investment Management Corp. raised its holdings in Caterpillar by 1.1% in the 4th quarter. North Star Investment Management Corp. now owns 9,649 shares of the industrial products company’s stock worth $1,226,000 after acquiring an additional 105 shares during the last quarter. Northwest Quadrant Wealth Management LLC raised its holdings in Caterpillar by 2.7% in the 3rd quarter. Northwest Quadrant Wealth Management LLC now owns 5,763 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 152 shares during the last quarter. Cullinan Associates Inc. raised its holdings in Caterpillar by 7.1% in the 4th quarter. Cullinan Associates Inc. now owns 3,000 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 200 shares during the last quarter. Private Trust Co. NA raised its holdings in Caterpillar by 4.5% in the 4th quarter. Private Trust Co. NA now owns 7,121 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 308 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in Caterpillar by 16.9% in the 3rd quarter. Global Retirement Partners LLC now owns 2,493 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 66.73% of the company’s stock.

In other news, insider Lange Bob De bought 1,080 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The stock was bought at an average price of $115.58 per share, with a total value of $124,826.40. Following the acquisition, the insider now owns 11,310 shares of the company’s stock, valued at approximately $1,307,209.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Standpoint Research upgraded shares of Caterpillar from a “sell” rating to an “accumulate” rating and set a $117.85 target price for the company in a research note on Wednesday, December 26th. Bank of America boosted their target price on shares of Caterpillar from $140.00 to $163.00 and gave the company a “buy” rating in a research note on Sunday, December 9th. Finally, Robert W. Baird set a $171.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Monday, December 3rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $157.19.

Shares of Caterpillar stock opened at $132.10 on Friday. The firm has a market capitalization of $76.87 billion, a P/E ratio of 19.20, a PEG ratio of 0.56 and a beta of 1.46. The company has a quick ratio of 1.02, a current ratio of 1.48 and a debt-to-equity ratio of 1.60. Caterpillar Inc. has a fifty-two week low of $112.06 and a fifty-two week high of $173.24.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. The company had revenue of $13.51 billion during the quarter, compared to the consensus estimate of $13.28 billion. Caterpillar had a net margin of 7.13% and a return on equity of 44.13%. Caterpillar’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, sell-side analysts forecast that Caterpillar Inc. will post 11.64 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Tuesday, January 22nd will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Friday, January 18th. Caterpillar’s dividend payout ratio is currently 50.00%.

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Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives for construction, resource, and energy and transportation industries. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact truck and multi-terrain loaders, forestry excavators, feller bunchers, harvesters, knuckleboom loaders, motorgraders, pipelayers, road reclaimers, site prep tractors, skidders, skid steer loaders, telehandlers, track-type loaders, wheel excavators, and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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