Shelter Mutual Insurance Co Sells 3,420 Shares of Caterpillar Inc. (NYSE:CAT)

Shelter Mutual Insurance Co reduced its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,780 shares of the industrial products company’s stock after selling 3,420 shares during the quarter. Caterpillar comprises about 2.5% of Shelter Mutual Insurance Co’s portfolio, making the stock its 15th biggest position. Shelter Mutual Insurance Co’s holdings in Caterpillar were worth $9,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Atlas Capital Advisors LLC lifted its holdings in Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares during the period. Gilfoyle & Co LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $30,000. A.P. Gilfoyle & Co. L.P. acquired a new position in Caterpillar in the fourth quarter valued at approximately $30,000. Finally, First Capital Advisors Group LLC. acquired a new position in Caterpillar in the second quarter valued at approximately $30,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT opened at $354.66 on Friday. The firm has a 50-day moving average of $346.70 and a 200-day moving average of $297.99. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a market cap of $177.12 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CATGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter last year, the firm posted $3.86 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Caterpillar Inc. will post 21.41 earnings per share for the current 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 $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAT. The Goldman Sachs Group increased their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Robert W. Baird increased their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $307.56.

Get Our Latest Research Report on CAT

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 in the last quarter. Company insiders own 0.33% of the company’s stock.

Caterpillar 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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