Bryn Mawr Capital Management LLC Sells 433 Shares of Caterpillar Inc. (NYSE:CAT)

Bryn Mawr Capital Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 18.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,969 shares of the industrial products company’s stock after selling 433 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Caterpillar were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CAT. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at about $30,000. Fortitude Family Office LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $39,000. Authentikos Wealth Advisory LLC bought a new stake in Caterpillar during the 3rd quarter worth approximately $41,000. Rational Advisors LLC acquired a new position in Caterpillar in the 3rd quarter valued at approximately $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of Caterpillar during the third quarter worth $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $343.38 on Friday. The company’s 50-day moving average is $350.10 and its 200-day moving average is $300.99. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $382.01. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.87. The stock has a market capitalization of $171.48 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Equities research analysts expect that Caterpillar Inc. will post 21.44 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. The Goldman Sachs Group increased their price target on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. TD Cowen lifted their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup increased their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company boosted their price target on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $310.83.

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.