Amalgamated Bank Sells 5,277 Shares of Caterpillar Inc. (NYSE:CAT)

Amalgamated Bank reduced its position in Caterpillar Inc. (NYSE:CAT) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,936 shares of the industrial products company’s stock after selling 5,277 shares during the period. Amalgamated Bank’s holdings in Caterpillar were worth $35,890,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Goldstone Financial Group LLC acquired a new stake in Caterpillar in the 3rd quarter worth approximately $619,000. GHP Investment Advisors Inc. boosted its stake in Caterpillar by 4.0% in the 3rd quarter. GHP Investment Advisors Inc. now owns 2,247 shares of the industrial products company’s stock worth $879,000 after purchasing an additional 87 shares in the last quarter. Modera Wealth Management LLC boosted its stake in Caterpillar by 1.8% in the 3rd quarter. Modera Wealth Management LLC now owns 6,942 shares of the industrial products company’s stock worth $2,715,000 after purchasing an additional 122 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Caterpillar by 7.4% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 9,572 shares of the industrial products company’s stock worth $3,744,000 after purchasing an additional 660 shares in the last quarter. Finally, First Financial Bankshares Inc boosted its stake in Caterpillar by 2.6% in the 3rd quarter. First Financial Bankshares Inc now owns 2,000 shares of the industrial products company’s stock worth $782,000 after purchasing an additional 50 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction 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 sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,704 shares of company stock valued at $7,226,584. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

NYSE:CAT opened at $338.65 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $161.85 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The company has a 50 day moving average price of $368.73 and a 200-day moving average price of $373.05. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 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%. Equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CAT. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. DA Davidson raised their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $383.80.

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.