Tilt Investment Management Holdings PBC Reduces Position in Caterpillar Inc. (NYSE:CAT)

Tilt Investment Management Holdings PBC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 24.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,051 shares of the industrial products company’s stock after selling 654 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in Caterpillar were worth $606,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $352,000. Farmers Trust Co. grew its holdings in Caterpillar by 2.7% in the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 120 shares during the period. Firethorn Wealth Partners LLC increased its stake 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 last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after acquiring an additional 52,576 shares during the period. Finally, Rise Advisors LLC grew its holdings in Caterpillar by 7.8% in the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CAT shares. Sanford C. Bernstein lifted their price target on shares of Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. Robert W. Baird boosted 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. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research report on Thursday. Finally, Citigroup boosted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $307.56.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at $20,197,792.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 0.2 %

Shares of NYSE:CAT traded down $0.87 during trading on Thursday, hitting $357.45. The company’s stock had a trading volume of 1,193,488 shares, compared to its average volume of 2,418,054. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The stock’s 50-day moving average price is $345.24 and its two-hundred day moving average price is $296.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The company has a market capitalization of $178.51 billion, a PE ratio of 17.79, a PEG ratio of 1.60 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the prior year, the business posted $3.86 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

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.