Rockefeller Capital Management L.P. Boosts Stake in Caterpillar Inc. (NYSE:CAT)

Rockefeller Capital Management L.P. lifted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 277,416 shares of the industrial products company's stock after buying an additional 8,693 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.06% of Caterpillar worth $100,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CAT. Nordea Investment Management AB raised its holdings in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after acquiring an additional 10,212 shares in the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar during the fourth quarter worth about $230,000. Cadinha & Co. LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at approximately $11,084,000. Atomi Financial Group Inc. lifted its holdings in shares of Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after acquiring an additional 871 shares during the period. Finally, Copley Financial Group Inc. bought a new position in Caterpillar in the third quarter valued at approximately $800,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE CAT traded up $0.36 during trading on Wednesday, reaching $293.79. 1,043,039 shares of the stock traded hands, compared to its average volume of 2,628,382. The company has a 50-day moving average of $331.31 and a 200-day moving average of $365.85. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock has a market capitalization of $140.41 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.92%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling at Caterpillar

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CAT shares. Citigroup decreased their price target on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday. Bank of America lowered their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $300.00 to $283.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and a consensus price target of $364.73.

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.