RB Capital Management LLC Has $2.75 Million Position in Caterpillar Inc. (NYSE:CAT)

RB Capital Management LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,286 shares of the industrial products company’s stock after buying an additional 110 shares during the quarter. RB Capital Management LLC’s holdings in Caterpillar were worth $2,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CAT. Waterway Wealth Management LLC bought a new position in shares of Caterpillar during the fourth quarter valued at about $352,000. Farmers Trust Co. increased its holdings in Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after buying an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC grew its position in shares of Caterpillar by 19.4% during the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after acquiring an additional 296 shares during the period. Panagora Asset Management Inc. lifted its stake in Caterpillar by 16.7% in the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after purchasing an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC grew its stake in shares of Caterpillar by 7.8% during the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after acquiring an additional 78 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

Shares of Caterpillar stock traded down $3.50 during trading hours on Wednesday, reaching $331.07. 3,511,733 shares of the stock traded hands, compared to its average volume of 2,512,631. The company has a 50 day moving average price of $351.08 and a 200 day moving average price of $302.22. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $165.34 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.51 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. On average, equities research analysts expect that Caterpillar Inc. will post 21.57 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.57%. Caterpillar’s payout ratio is 23.48%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CAT shares. Citigroup lifted their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Robert W. Baird lifted their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. TD Cowen upped their target price on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $323.35.

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.