Pinnacle Financial Partners Inc Buys 58 Shares of Caterpillar Inc. (NYSE:CAT)

Pinnacle Financial Partners Inc raised its stake in Caterpillar Inc. (NYSE:CAT) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,553 shares of the industrial products company’s stock after buying an additional 58 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Caterpillar were worth $7,008,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after buying an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $230,000. Citizens Financial Group Inc. RI lifted its stake in Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after buying an additional 4,181 shares in the last quarter. Cadinha & Co. LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $11,084,000. Finally, Atomi Financial Group Inc. raised its holdings in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock valued at $8,414,000 after purchasing an additional 871 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,704 shares of company stock valued at $7,226,584. 0.29% of the stock is owned by company insiders.

Caterpillar Trading Down 2.7 %

Shares of Caterpillar stock opened at $339.84 on Friday. The firm has a 50-day moving average of $368.73 and a 200-day moving average of $372.40. The stock has a market cap of $162.42 billion, a PE ratio of 15.40, a PEG ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.66%. Caterpillar’s payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent research reports. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley lowered their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $383.80.

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.