Nan Shan Life Insurance Co. Ltd. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 452,175 shares of the industrial products company’s stock after selling 26,834 shares during the period. Caterpillar comprises about 1.7% of Nan Shan Life Insurance Co. Ltd.’s portfolio, making the stock its 15th biggest holding. Nan Shan Life Insurance Co. Ltd.’s holdings in Caterpillar were worth $82,305,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. HBC Financial Services PLLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $31,000. Flagship Private Wealth LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $32,000. Wolff Wiese Magana LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $33,000. Moisand Fitzgerald Tamayo LLC grew its position in shares of Caterpillar by 317.2% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 242 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 184 shares during the last quarter. Finally, RWM Asset Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $36,000. 67.48% of the stock is currently owned by hedge funds and other institutional investors.
In other Caterpillar news, CAO Gary Michael Marvel sold 2,318 shares of Caterpillar stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $179.50, for a total transaction of $416,081.00. Following the completion of the sale, the chief accounting officer now directly owns 2,318 shares in the company, valued at $416,081. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 10,970 shares of company stock valued at $1,985,442. 0.31% of the stock is owned by corporate insiders.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.63. The company had revenue of $11.24 billion for the quarter, compared to analyst estimates of $11.24 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The firm’s revenue was down 14.5% on a year-over-year basis. During the same period last year, the firm earned $2.63 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 5.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Wednesday, January 20th were paid a dividend of $1.03 per share. The ex-dividend date was Tuesday, January 19th. This represents a $4.12 annualized dividend and a yield of 1.89%. Caterpillar’s dividend payout ratio is currently 37.25%.
Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Caterpillar from $214.00 to $233.00 and gave the company a “buy” rating in a research report on Monday, February 1st. Royal Bank of Canada raised their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 28th. Stifel Nicolaus raised their price target on shares of Caterpillar from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. BMO Capital Markets raised their price target on shares of Caterpillar from $135.00 to $190.00 and gave the stock a “market perform” rating in a research note on Monday, February 1st. Finally, Barclays raised their price target on shares of Caterpillar from $165.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 15th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $172.80.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
See Also: Return on Equity (ROE)
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