Stock Yards Bank & Trust Co. Sells 2,459 Shares of Caterpillar Inc. (NYSE:CAT)

Stock Yards Bank & Trust Co. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,503 shares of the industrial products company’s stock after selling 2,459 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Caterpillar were worth $26,463,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CAT. International Assets Investment Management LLC grew its stake in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Winslow Capital Management LLC grew its stake in shares of Caterpillar by 2,265.3% in the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the period. FMR LLC grew its stake in shares of Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Caterpillar during the 3rd quarter worth approximately $101,872,000. Finally, Cerity Partners LLC grew its position in Caterpillar by 265.2% during the 4th quarter. Cerity Partners LLC now owns 507,322 shares of the industrial products company’s stock worth $150,000,000 after acquiring an additional 368,421 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, 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 available through the SEC website. In related news, Director David Maclennan acquired 350 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 1.3 %

Shares of CAT stock traded up $4.48 during trading hours on Monday, reaching $359.14. The company had a trading volume of 836,269 shares, compared to its average volume of 2,419,424. The firm has a market cap of $179.35 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.57 and a beta of 1.17. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The company has a 50 day moving average of $346.70 and a 200 day moving average of $298.22.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.86 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 21.41 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAT. Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird upped their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $307.56.

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.