Factory Mutual Insurance Co. increased its stake in Caterpillar Inc. (NYSE:CAT) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,900 shares of the industrial products company’s stock after purchasing an additional 8,400 shares during the period. Factory Mutual Insurance Co.’s holdings in Caterpillar were worth $18,105,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Caterpillar by 10.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $104,000. Motco increased its position in Caterpillar by 264.9% in the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the period. Acrospire Investment Management LLC increased its position in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in Caterpillar by 75.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 496 shares during the period. 68.55% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on CAT shares. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Vetr cut Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price target on the stock. in a research report on Wednesday, December 27th. Credit Suisse Group reiterated a “hold” rating and set a $133.00 price target on shares of Caterpillar in a research report on Friday, September 22nd. Goldman Sachs Group lifted their price target on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Finally, JPMorgan Chase & Co. upgraded Caterpillar from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $161.96 to $200.00 in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $148.24.
In other news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $137.58, for a total value of $216,275.76. Following the completion of the sale, the insider now owns 11,096 shares of the company’s stock, valued at $1,526,587.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 over the last 90 days. Insiders own 0.14% of the company’s stock.
Shares of Caterpillar Inc. (NYSE:CAT) traded up $1.74 during midday trading on Tuesday, hitting $172.04. The company had a trading volume of 2,979,175 shares, compared to its average volume of 4,702,400. The company has a quick ratio of 1.04, a current ratio of 1.44 and a debt-to-equity ratio of 1.58. The firm has a market cap of $102,490.00, a PE ratio of 119.47, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $170.67.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. sell-side analysts expect that Caterpillar Inc. will post 6.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s payout ratio is 216.67%.
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