Schnieders Capital Management LLC Sells 105 Shares of Caterpillar Inc. (NYSE:CAT)

Schnieders Capital Management LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,800 shares of the industrial products company’s stock after selling 105 shares during the period. Schnieders Capital Management LLC’s holdings in Caterpillar were worth $3,555,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar in the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the third quarter worth approximately $36,000. Albion Financial Group UT lifted its stake 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 in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth approximately $36,000. Finally, Kimelman & Baird LLC lifted its stake in shares of Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were acquired 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 of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 18,704 shares of company stock valued at $7,226,584 over the last three months. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 0.1 %

Shares of CAT stock opened at $342.55 on Thursday. The company has a 50 day simple moving average of $366.82 and a two-hundred day simple moving average of $372.88. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market cap of $163.72 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.65%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CAT shares. Morgan Stanley decreased their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Bank of America decreased their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird boosted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $383.80.

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.