Caterpillar Inc. (NYSE:CAT) Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC lowered its stake in Caterpillar Inc. (NYSE:CAT) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,711 shares of the industrial products company’s stock after selling 200 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Caterpillar were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, 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 completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s 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 sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of NYSE CAT traded up $5.38 during trading on Friday, reaching $343.38. The company had a trading volume of 3,324,630 shares, compared to its average volume of 2,414,735. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The stock has a market capitalization of $171.48 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17. The stock has a 50-day moving average price of $350.10 and a two-hundred day moving average price of $300.80. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last released its quarterly 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. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.3 earnings per share for the current year.

Caterpillar Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CAT shares. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. TD Cowen lifted their target price on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company lifted their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. lifted their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $310.83.

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.