Gilman Hill Asset Management LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,905 shares of the industrial products company’s stock after acquiring an additional 407 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Caterpillar were worth $1,315,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Primecap Management Co. CA increased its holdings in shares of Caterpillar by 0.5% during the 2nd quarter. Primecap Management Co. CA now owns 9,398,329 shares of the industrial products company’s stock worth $1,280,898,000 after buying an additional 46,928 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Caterpillar by 8,442.2% in the 3rd quarter. Fisher Asset Management LLC now owns 5,376,797 shares of the industrial products company’s stock worth $679,143,000 after acquiring an additional 5,313,853 shares during the period. Nuveen Asset Management LLC raised its holdings in Caterpillar by 1,092.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,518,229 shares of the industrial products company’s stock worth $615,789,000 after acquiring an additional 4,139,332 shares during the period. Morgan Stanley raised its holdings in Caterpillar by 4.2% in the 2nd quarter. Morgan Stanley now owns 4,367,073 shares of the industrial products company’s stock worth $595,189,000 after acquiring an additional 174,165 shares during the period. Finally, Invesco Ltd. raised its holdings in Caterpillar by 32.4% in the 2nd quarter. Invesco Ltd. now owns 1,901,865 shares of the industrial products company’s stock worth $259,205,000 after acquiring an additional 465,286 shares during the period. 64.90% of the stock is currently owned by institutional investors and hedge funds.
In other news, CAO Gary Michael Marvel sold 2,180 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $139.38, for a total transaction of $303,848.40. Following the sale, the chief accounting officer now directly owns 2,180 shares in the company, valued at $303,848.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Denise C. Johnson sold 14,777 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $140.00, for a total value of $2,068,780.00. Following the sale, the insider now owns 26,464 shares in the company, valued at $3,704,960. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,122 shares of company stock worth $13,083,041. Company insiders own 0.37% of the company’s stock.
Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Caterpillar from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Credit Suisse Group upped their price target on shares of Caterpillar from $150.00 to $173.00 and gave the company an “outperform” rating in a report on Friday. Goldman Sachs Group increased their target price on shares of Caterpillar from $130.00 to $156.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Citigroup increased their target price on shares of Caterpillar from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $155.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $146.44.
CAT traded down $0.13 during trading hours on Friday, hitting $147.74. 773,131 shares of the company’s stock were exchanged, compared to its average volume of 2,767,908. Caterpillar Inc. has a 1-year low of $111.75 and a 1-year high of $150.55. The stock’s 50-day moving average is $146.05 and its two-hundred day moving average is $134.55. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.56 and a beta of 1.52. The company has a quick ratio of 0.99, a current ratio of 1.44 and a debt-to-equity ratio of 1.71.
Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $13.49 billion. Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.86 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 10.84 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s dividend payout ratio is presently 36.72%.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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