Raleigh Capital Management Inc. Reduces Position in Caterpillar Inc. (NYSE:CAT)

Raleigh Capital Management Inc. lowered its position in Caterpillar Inc. (NYSE:CAT) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,191 shares of the industrial products company’s stock after selling 299 shares during the period. Raleigh Capital Management Inc.’s holdings in Caterpillar were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Traynor Capital Management Inc. grew its position in Caterpillar by 17.6% in the 4th quarter. Traynor Capital Management Inc. now owns 13,260 shares of the industrial products company’s stock valued at $4,810,000 after acquiring an additional 1,989 shares during the last quarter. Hudson Capital Management LLC boosted its stake in shares of Caterpillar by 0.6% during the fourth quarter. Hudson Capital Management LLC now owns 10,895 shares of the industrial products company’s stock valued at $3,952,000 after purchasing an additional 66 shares during the period. Magnus Financial Group LLC grew its holdings in shares of Caterpillar by 15.7% in the fourth quarter. Magnus Financial Group LLC now owns 3,652 shares of the industrial products company’s stock worth $1,325,000 after purchasing an additional 496 shares during the last quarter. Albion Financial Group UT lifted its holdings in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Finally, Advisory Alpha LLC boosted its position in Caterpillar by 3.4% in the 4th quarter. Advisory Alpha LLC now owns 4,990 shares of the industrial products company’s stock valued at $1,810,000 after buying an additional 163 shares during the period. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research note on Monday, November 4th. Jefferies Financial Group lifted their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Robert W. Baird raised their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Bank of America raised their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $380.60.

Insider Activity at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock valued at $13,480,389 in the last ninety days. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 0.2 %

Shares of CAT stock opened at $397.68 on Thursday. The stock’s fifty day moving average price is $379.99 and its 200 day moving average price is $368.17. Caterpillar Inc. has a 1-year low of $287.52 and a 1-year high of $418.50. The company has a market cap of $192.00 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $5.52 EPS. On average, research analysts expect that Caterpillar Inc. will post 21.69 earnings per share 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 paid 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 1.42%. Caterpillar’s payout ratio is currently 26.15%.

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.