Ossiam Purchases 4,308 Shares of Caterpillar Inc. (NYSE:CAT)

Ossiam raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 1,133.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,688 shares of the industrial products company's stock after acquiring an additional 4,308 shares during the period. Ossiam's holdings in Caterpillar were worth $1,701,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Capital Research Global Investors raised its stake in Caterpillar by 69.3% during the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC boosted its stake in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Finally, APG Asset Management N.V. increased its position in Caterpillar by 1,278.6% during the 4th 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 in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Citigroup reduced their price target on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. Finally, DA Davidson decreased their price target on shares of Caterpillar from $357.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $359.36.

Caterpillar Stock Performance

CAT traded down $0.53 during trading hours on Friday, hitting $306.33. The stock had a trading volume of 2,162,016 shares, compared to its average volume of 2,639,921. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The company's fifty day simple moving average is $322.40 and its 200 day simple moving average is $361.21. The stock has a market cap of $146.40 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. 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 posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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 analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar's payout ratio is currently 25.56%.

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.