Caterpillar Inc. (NYSE:CAT) Shares Sold by Bank of Hawaii

Bank of Hawaii cut its position in Caterpillar Inc. (NYSE:CAT) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,494 shares of the industrial products company’s stock after selling 204 shares during the quarter. Bank of Hawaii’s holdings in Caterpillar were worth $5,258,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Caterpillar during the 4th quarter valued at about $2,184,364,000. Raymond James Financial Inc. acquired a new position in shares of Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC boosted its holdings in shares of Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after purchasing an additional 803,166 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Caterpillar by 1,278.6% during the fourth quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after purchasing an additional 408,678 shares during the period. Finally, Amundi raised its position in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock valued at $782,109,000 after acquiring an additional 318,891 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 10.0 %

Shares of NYSE:CAT opened at $301.43 on Thursday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The stock has a fifty day simple moving average of $336.81 and a two-hundred day simple moving average of $368.44. 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 capitalization of $144.06 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.87%. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CAT. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. lowered their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Citigroup cut their price objective on Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday. Two equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $373.20.

Caterpillar Company 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.