Regatta Capital Group LLC Lowers Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Regatta Capital Group LLC cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,218 shares of the industrial products company’s stock after selling 41 shares during the quarter. Regatta Capital Group LLC’s holdings in Caterpillar were worth $442,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar during the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter worth $34,000. Kimelman & Baird LLC grew its stake in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the last quarter. Albion Financial Group UT increased its holdings in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after buying an additional 77 shares during the period. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CAT shares. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Citigroup decreased their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, UBS Group raised their price objective on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus target price of $380.60.

Insider Activity

In other news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares of the company’s stock, 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. Over the last quarter, insiders sold 33,868 shares of company stock valued at $13,480,389. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 0.4 %

CAT stock opened at $407.95 on Friday. Caterpillar Inc. has a twelve month low of $293.13 and a twelve month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market cap of $196.96 billion, a P/E ratio of 18.91, a PEG ratio of 1.97 and a beta of 1.13. The business’s 50-day moving average price is $381.07 and its 200-day moving average price is $369.19.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $5.52 earnings per share. On average, equities research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.38%. Caterpillar’s payout ratio is 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.