Allworth Financial LP Boosts Stock Position in Caterpillar Inc. (NYSE:CAT)

Allworth Financial LP raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 146.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,832 shares of the industrial products company's stock after purchasing an additional 36,134 shares during the quarter. Allworth Financial LP's holdings in Caterpillar were worth $24,188,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the third quarter valued at approximately $36,000. Albion Financial Group UT boosted its stake in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after acquiring an additional 77 shares during the period. Kimelman & Baird LLC increased its holdings in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its stake in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 33,565 shares of the company's stock, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business'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 directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,704 shares of company stock worth $7,226,584. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Down 0.2 %

Shares of NYSE CAT traded down $0.74 on Wednesday, reaching $353.26. 2,210,863 shares of the company's stock traded hands, compared to its average volume of 2,399,368. The business's 50 day simple moving average is $370.89 and its two-hundred day simple moving average is $372.54. The company has a market cap of $170.55 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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%. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.98 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar's payout ratio is currently 25.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CAT shares. Evercore ISI lifted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Robert W. Baird boosted their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. DA Davidson upped their target price on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Caterpillar currently has a consensus rating of "Hold" and a consensus price target of $383.80.

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.