Caterpillar Inc. (NYSE:CAT) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,802 shares of the industrial products company's stock after purchasing an additional 2,029 shares during the quarter. Assetmark Inc.'s holdings in Caterpillar were worth $6,821,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gouws Capital LLC grew its stake in Caterpillar by 11.1% in the 4th quarter. Gouws Capital LLC now owns 14,062 shares of the industrial products company's stock worth $5,101,000 after acquiring an additional 1,405 shares in the last quarter. NewSquare Capital LLC grew its stake in Caterpillar by 5.4% in the fourth quarter. NewSquare Capital LLC now owns 17,622 shares of the industrial products company's stock worth $6,393,000 after purchasing an additional 906 shares in the last quarter. Cookson Peirce & Co. Inc. increased its holdings in Caterpillar by 15.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 6,474 shares of the industrial products company's stock worth $2,349,000 after purchasing an additional 871 shares during the period. Carrera Capital Advisors raised its position in Caterpillar by 2.5% during the 4th quarter. Carrera Capital Advisors now owns 1,238 shares of the industrial products company's stock valued at $449,000 after purchasing an additional 30 shares in the last quarter. Finally, Jag Capital Management LLC grew its position in shares of Caterpillar by 7.3% during the 4th quarter. Jag Capital Management LLC now owns 834 shares of the industrial products company's stock worth $303,000 after buying an additional 57 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Citigroup boosted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Bank of America dropped their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Morgan Stanley reduced their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $383.80.

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 transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $9.96 on Friday, hitting $350.97. 3,061,142 shares of the company were exchanged, compared to its average volume of 2,503,377. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year 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. The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a 50-day moving average price of $363.11 and a 200 day moving average price of $372.57.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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%. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.61%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

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.