LSV Asset Management decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,310 shares of the industrial products company's stock after selling 57,790 shares during the quarter. LSV Asset Management's holdings in Caterpillar were worth $54,889,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Scotia Capital Inc. lifted its stake in Caterpillar by 2.1% in the fourth quarter. Scotia Capital Inc. now owns 77,181 shares of the industrial products company's stock valued at $27,999,000 after buying an additional 1,563 shares during the period. Phoenix Financial Ltd. increased its stake in Caterpillar by 28.3% in the fourth quarter. Phoenix Financial Ltd. now owns 2,701 shares of the industrial products company's stock valued at $980,000 after purchasing an additional 596 shares in the last quarter. F M Investments LLC boosted its position in shares of Caterpillar by 24.1% during the 4th quarter. F M Investments LLC now owns 39,159 shares of the industrial products company's stock worth $14,205,000 after purchasing an additional 7,595 shares in the last quarter. Texas Yale Capital Corp. grew its stake in shares of Caterpillar by 4.1% in the 4th quarter. Texas Yale Capital Corp. now owns 3,664 shares of the industrial products company's stock valued at $1,329,000 after buying an additional 145 shares during the period. Finally, APG Asset Management N.V. increased its position in Caterpillar by 1,278.6% in the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company's stock valued at $154,367,000 after buying an additional 408,678 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.
Caterpillar Stock Performance
Shares of NYSE:CAT traded down $1.53 during midday trading on Tuesday, reaching $296.59. 1,087,342 shares of the company traded hands, compared to its average volume of 2,622,955. The firm's fifty day moving average price is $332.75 and its two-hundred day moving average price is $366.35. The firm has a market capitalization of $141.75 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results 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%. On average, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Caterpillar Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.90%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.
Insiders Place Their Bets
In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average price 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 ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently commented on CAT. DA Davidson boosted their price objective on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $365.87.
Read Our Latest Research Report on CAT
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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