KG&L Capital Management LLC Sells 101 Shares of Caterpillar Inc. (NYSE:CAT)

KG&L Capital Management LLC lowered its position in Caterpillar Inc. (NYSE:CAT) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,484 shares of the industrial products company’s stock after selling 101 shares during the quarter. KG&L Capital Management LLC’s holdings in Caterpillar were worth $1,254,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Nordea Investment Management AB raised its stake in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $230,000. Alpha Cubed Investments LLC lifted its holdings in shares of Caterpillar by 5.6% in the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after buying an additional 6,212 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Caterpillar by 43.0% during the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after acquiring an additional 4,181 shares during the last quarter. Finally, Cadinha & Co. LLC purchased a new position in Caterpillar during the fourth quarter valued at $11,084,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,900 shares of company stock valued at $13,111,601 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 0.8 %

Shares of NYSE CAT opened at $371.88 on Friday. Caterpillar Inc. has a 12-month low of $299.93 and a 12-month high of $418.50. The stock’s fifty day simple moving average is $381.40 and its two-hundred day simple moving average is $370.82. The stock has a market capitalization of $179.54 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. As a group, analysts expect that Caterpillar Inc. will post 21.71 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.52%. Caterpillar’s dividend payout ratio is presently 26.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. UBS Group increased their price target on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday. Finally, Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $380.13.

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.