Harvest Investment Services LLC Buys New Stake in Caterpillar Inc. (NYSE:CAT)

Harvest Investment Services LLC acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,114 shares of the industrial products company's stock, valued at approximately $767,000.

Other hedge funds have also made changes to their positions in the company. Nordea Investment Management AB lifted its stake in Caterpillar by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $230,000. Cadinha & Co. LLC acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $11,084,000. Atomi Financial Group Inc. grew its stake in shares of Caterpillar by 3.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after purchasing an additional 871 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in Caterpillar in the 3rd quarter worth approximately $800,000. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Citigroup cut their target price on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. DA Davidson lowered 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. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. One investment 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 a consensus rating of "Hold" and an average price target of $359.36.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred on 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 trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of CAT opened at $291.00 on Wednesday. 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 $139.08 billion, a PE ratio of 13.19, a P/E/G ratio of 1.87 and a beta of 1.21. The stock has a 50 day simple moving average of $324.47 and a 200 day simple moving average of $362.29. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm 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. This represents a $5.64 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Caterpillar Company 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.

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