Keybank National Association OH Sells 1,248 Shares of Caterpillar Inc. (NYSE:CAT)

Keybank National Association OH decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 135,206 shares of the industrial products company’s stock after selling 1,248 shares during the quarter. Keybank National Association OH’s holdings in Caterpillar were worth $49,047,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CAT. Jag Capital Management LLC boosted its stake in shares of Caterpillar by 7.3% during the fourth quarter. Jag Capital Management LLC now owns 834 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 57 shares during the period. Ring Mountain Capital LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $364,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Caterpillar by 73.4% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 282,244 shares of the industrial products company’s stock valued at $102,387,000 after purchasing an additional 119,427 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at $109,000. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Caterpillar by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,880 shares of the industrial products company’s stock valued at $2,133,000 after purchasing an additional 73 shares during the period. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Citigroup upped their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insiders Place Their Bets

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were 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 in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Price Performance

Caterpillar stock opened at $331.75 on Tuesday. The company’s fifty day moving average price is $365.31 and its 200 day moving average price is $373.10. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock has a market capitalization of $158.55 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.87 and a beta of 1.12. 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 (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.70%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Caterpillar 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.