Mutual of America Capital Management LLC Sells 2,313 Shares of Caterpillar Inc. (NYSE:CAT)

Mutual of America Capital Management LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,534 shares of the industrial products company’s stock after selling 2,313 shares during the period. Mutual of America Capital Management LLC’s holdings in Caterpillar were worth $23,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAT. Reston Wealth Management LLC bought a new position in shares of Caterpillar in the third quarter valued at approximately $123,000. ForthRight Wealth Management LLC bought a new position in Caterpillar in the 3rd quarter worth $228,000. Pacific Wealth Strategies Group Inc. lifted its position in Caterpillar by 2.2% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 5,832 shares of the industrial products company’s stock worth $2,281,000 after acquiring an additional 123 shares during the last quarter. Stephens Inc. AR boosted its holdings in Caterpillar by 1.6% during the third quarter. Stephens Inc. AR now owns 91,532 shares of the industrial products company’s stock valued at $35,800,000 after acquiring an additional 1,459 shares during the period. Finally, Penobscot Wealth Management acquired a new stake in shares of Caterpillar in the third quarter valued at about $205,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CAT. JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI increased their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Insiders Place Their Bets

In related news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 1.1 %

Shares of NYSE CAT opened at $343.90 on Friday. The business has a fifty day moving average of $365.99 and a two-hundred day moving average of $372.71. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The stock has a market cap of $164.36 billion, a PE ratio of 15.58, a PEG ratio of 1.87 and a beta of 1.12.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.64%. Caterpillar’s dividend payout ratio is 25.56%.

About Caterpillar

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.