Guyasuta Investment Advisors Inc. boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,178 shares of the industrial products company's stock after purchasing an additional 1,731 shares during the period. Guyasuta Investment Advisors Inc.'s holdings in Caterpillar were worth $5,869,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. FSM Wealth Advisors LLC increased its stake in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after purchasing an additional 25 shares during the last quarter. Smallwood Wealth Investment Management LLC boosted its stake in Caterpillar by 2.6% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company's stock worth $405,000 after purchasing an additional 26 shares during the period. Allen Capital Group LLC grew its holdings 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 buying an additional 26 shares in the last quarter. Wagner Wealth Management LLC increased its position in shares of Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after buying an additional 26 shares during the period. Finally, First Bank & Trust boosted its position in shares of Caterpillar by 4.0% in the third quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock valued at $277,000 after acquiring an additional 27 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Trading Down 0.2 %
NYSE:CAT traded down $0.74 during trading hours on Wednesday, reaching $353.26. The company's stock had a trading volume of 2,210,863 shares, compared to its average volume of 2,399,368. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market capitalization of $170.55 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.88 and a beta of 1.12. The firm has a 50-day simple moving average of $370.89 and a 200-day simple moving average of $372.54. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 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%. Research analysts expect that Caterpillar Inc. will post 19.98 EPS for the current fiscal year.
Caterpillar Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.
Insider Transactions at Caterpillar
In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated 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 in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,704 shares of company stock worth $7,226,584. Insiders own 0.29% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on CAT shares. StockNews.com raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. 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 report on Friday, January 31st. Citigroup lifted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. 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 research report on Friday, January 31st. Finally, Evercore ISI upped 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $383.80.
Check Out Our Latest Analysis on Caterpillar
Caterpillar Company Profile
(
Free Report)
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.
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