Foster & Motley Inc. lifted its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,949 shares of the industrial products company’s stock after acquiring an additional 290 shares during the quarter. Foster & Motley Inc.’s holdings in Caterpillar were worth $6,149,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Ibex Wealth Advisors grew its holdings in Caterpillar by 894.1% during the 4th quarter. Ibex Wealth Advisors now owns 9,961 shares of the industrial products company’s stock worth $3,613,000 after acquiring an additional 8,959 shares in the last quarter. Field & Main Bank increased its holdings in Caterpillar by 0.7% during the fourth quarter. Field & Main Bank now owns 7,881 shares of the industrial products company’s stock valued at $2,859,000 after buying an additional 53 shares during the period. Allen Capital Group LLC raised its stake in Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock worth $1,541,000 after buying an additional 26 shares in the last quarter. Forsta AP Fonden boosted its position in Caterpillar by 0.4% during the 4th quarter. Forsta AP Fonden now owns 143,400 shares of the industrial products company’s stock valued at $52,020,000 after acquiring an additional 600 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC increased its holdings in shares of Caterpillar by 4.3% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 846 shares of the industrial products company’s stock valued at $327,000 after acquiring an additional 35 shares during the period. Institutional investors own 70.98% of the company’s stock.
Caterpillar Trading Up 1.0 %
Shares of NYSE:CAT opened at $394.01 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 52-week low of $299.93 and a 52-week high of $418.50. The stock has a market cap of $190.23 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.97 and a beta of 1.13. The business has a 50-day moving average price of $381.43 and a 200-day moving average price of $370.62.
Caterpillar Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.43%. Caterpillar’s dividend payout ratio is presently 26.15%.
Insider Buying and Selling at Caterpillar
In other news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is owned by insiders.
Analyst Ratings Changes
Several research firms have issued reports on CAT. UBS Group lifted their target price on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research note on Monday, January 13th. Citigroup reduced their price target on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus target price of $384.60.
Get Our Latest Stock Report on CAT
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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