Empower Advisory Group LLC Increases Position in Caterpillar Inc. (NYSE:CAT)

Empower Advisory Group LLC increased its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,388 shares of the industrial products company’s stock after purchasing an additional 1,768 shares during the period. Empower Advisory Group LLC owned approximately 0.05% of Caterpillar worth $92,645,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in Caterpillar by 4.3% during the fourth quarter. CIBC Asset Management Inc now owns 75,905 shares of the industrial products company’s stock worth $27,535,000 after purchasing an additional 3,162 shares in the last quarter. Highview Capital Management LLC DE raised its holdings in Caterpillar by 29.4% during the fourth quarter. Highview Capital Management LLC DE now owns 1,320 shares of the industrial products company’s stock worth $479,000 after purchasing an additional 300 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV raised its holdings in Caterpillar by 4.0% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 4,812 shares of the industrial products company’s stock worth $1,745,000 after purchasing an additional 186 shares in the last quarter. Rational Advisors LLC raised its holdings in Caterpillar by 1,188.5% during the fourth quarter. Rational Advisors LLC now owns 1,675 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in Caterpillar by 626.0% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 313 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 0.1 %

CAT stock opened at $353.31 on Monday. The stock has a market capitalization of $170.58 billion, a P/E ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a 50 day moving average price of $372.47 and a two-hundred day moving average price of $372.14.

Caterpillar (NYSE:CATGet Free Report) last released 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 net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts expect that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CAT. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Morgan Stanley lowered 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. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Two investment 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. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $383.13.

Read Our Latest Research Report on Caterpillar

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 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 approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar 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.

Recommended Stories

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.