GAM Holding AG Sells 987 Shares of Caterpillar Inc. (NYSE:CAT)

GAM Holding AG cut its stake in Caterpillar Inc. (NYSE:CAT) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,243 shares of the industrial products company’s stock after selling 987 shares during the quarter. GAM Holding AG’s holdings in Caterpillar were worth $5,167,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Goldstone Financial Group LLC bought a new stake in Caterpillar in the third quarter worth about $619,000. Resonant Capital Advisors LLC raised its holdings in shares of Caterpillar by 4.3% in the third quarter. Resonant Capital Advisors LLC now owns 1,761 shares of the industrial products company’s stock worth $689,000 after buying an additional 73 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in shares of Caterpillar by 6.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,159 shares of the industrial products company’s stock worth $2,018,000 after acquiring an additional 321 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Caterpillar by 9.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,400 shares of the industrial products company’s stock valued at $43,571,000 after acquiring an additional 9,572 shares during the period. Finally, Calton & Associates Inc. bought a new position in Caterpillar in the 3rd quarter valued at $3,911,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.1 %

NYSE CAT opened at $353.31 on Tuesday. The firm has a market cap of $170.58 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.94 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 quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average price of $372.47 and a 200 day moving average price of $372.14.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. As a group, sell-side analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business 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 of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. Caterpillar’s dividend payout ratio (DPR) is currently 25.56%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value 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 represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Morgan Stanley lowered their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus target price of $383.13.

Caterpillar 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.