Steigerwald Gordon & Koch Inc. Sells 121 Shares of Caterpillar Inc. (NYSE:CAT)

Steigerwald Gordon & Koch Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,407 shares of the industrial products company’s stock after selling 121 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Caterpillar were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Liberty One Investment Management LLC boosted its stake in Caterpillar by 3.7% in the 4th quarter. Liberty One Investment Management LLC now owns 13,264 shares of the industrial products company’s stock worth $4,811,000 after purchasing an additional 479 shares during the period. Cadinha & Co. LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $11,084,000. Stillwater Capital Advisors LLC raised its position in Caterpillar by 1.5% in the 4th quarter. Stillwater Capital Advisors LLC now owns 41,315 shares of the industrial products company’s stock valued at $14,988,000 after buying an additional 594 shares during the last quarter. Clarius Group LLC lifted its stake in Caterpillar by 6.4% in the 4th quarter. Clarius Group LLC now owns 4,778 shares of the industrial products company’s stock valued at $1,733,000 after acquiring an additional 287 shares in the last quarter. Finally, J2 Capital Management Inc acquired a new position in Caterpillar during the 4th quarter worth approximately $572,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $386.03 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $380.09 and a 200 day simple moving average of $367.03. Caterpillar Inc. has a 1-year low of $277.66 and a 1-year high of $418.50. The stock has a market cap of $186.38 billion, a P/E ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the firm posted $5.52 EPS. The company’s revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s payout ratio is 26.15%.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,868 shares of company stock worth $13,480,389. Company insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird lifted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Finally, Bank of America increased their price target on 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 given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $380.60.

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.