Yoffe Investment Management LLC Acquires Shares of 3,403 Caterpillar Inc. (NYSE:CAT)

Yoffe Investment Management LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,403 shares of the industrial products company's stock, valued at approximately $1,234,000. Caterpillar comprises approximately 1.3% of Yoffe Investment Management LLC's investment portfolio, making the stock its 15th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Orleans Capital Management Corp LA boosted its holdings in Caterpillar by 4.7% during the fourth quarter. Orleans Capital Management Corp LA now owns 7,618 shares of the industrial products company's stock worth $2,759,000 after buying an additional 340 shares in the last quarter. Uniting Wealth Partners LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $352,000. ExodusPoint Capital Management LP acquired a new position in Caterpillar in the 4th quarter worth about $8,134,000. Grant Private Wealth Management Inc purchased a new position in Caterpillar during the fourth quarter worth approximately $304,000. Finally, Arete Wealth Advisors LLC grew its holdings in Caterpillar by 7.9% in the fourth quarter. Arete Wealth Advisors LLC now owns 7,147 shares of the industrial products company's stock valued at $2,598,000 after purchasing an additional 525 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction that occurred 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 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 trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company'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 transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Caterpillar Trading Down 0.6 %

CAT traded down $1.53 during trading hours on Wednesday, reaching $272.41. The company's stock had a trading volume of 1,470,653 shares, compared to its average volume of 2,593,682. The business's 50-day moving average is $339.71 and its 200-day moving average is $369.39. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a market cap of $130.19 billion, a PE ratio of 12.32, a P/E/G ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a fifty-two week low of $266.62 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 2.07%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CAT. JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, Evercore ISI raised their target price 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 investment 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $373.20.

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.