Corps Capital Advisors LLC Makes New $1.83 Million Investment in Caterpillar Inc. (NYSE:CAT)

Corps Capital Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,046 shares of the industrial products company's stock, valued at approximately $1,830,000. Caterpillar makes up 1.9% of Corps Capital Advisors LLC's holdings, making the stock its 15th biggest position.

Other large investors also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC raised its stake in shares of Caterpillar by 3.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares in the last quarter. Allen Capital Group LLC raised its position in Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after purchasing an additional 26 shares in the last quarter. Wagner Wealth Management LLC lifted its holdings in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after buying an additional 26 shares during the period. First Bank & Trust grew its position in shares of Caterpillar by 4.0% during the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock worth $277,000 after buying an additional 27 shares in the last quarter. Finally, Washington Trust Bank increased its stake in shares of Caterpillar by 1.2% during the third quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company's stock valued at $919,000 after buying an additional 27 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Shares of CAT traded down $9.52 during trading hours on Friday, reaching $339.63. 2,091,537 shares of the company traded hands, compared to its average volume of 2,379,672. 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 business has a fifty day moving average price of $369.54 and a 200-day moving average price of $372.24. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a market capitalization of $162.32 billion, a P/E ratio of 15.42, a P/E/G ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio is presently 25.56%.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were 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 owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock valued at $7,226,584 in the last ninety days. Insiders own 0.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on CAT shares. Morgan Stanley cut their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Bank of America lowered their target price on 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 Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned 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.

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.