Usca Ria LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 425.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,687 shares of the industrial products company’s stock after buying an additional 21,606 shares during the period. Usca Ria LLC’s holdings in Caterpillar were worth $3,941,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $29,000. Savior LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $36,000. Private Ocean LLC boosted its position in shares of Caterpillar by 62.9% in the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. G&S Capital LLC acquired a new position in shares of Caterpillar in the 3rd quarter valued at $38,000. Finally, Evoke Wealth LLC acquired a new position in shares of Caterpillar in the 3rd quarter valued at $38,000. 64.92% of the stock is owned by institutional investors.
In other news, CAO Gary Michael Marvel sold 2,180 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 2,180 shares of the company’s stock, valued at approximately $303,848.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise C. Johnson sold 68,993 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $146.37, for a total value of $10,098,505.41. Over the last three months, insiders sold 75,345 shares of company stock valued at $11,014,261. Company insiders own 0.37% of the company’s stock.
Caterpillar stock traded down $2.62 during mid-day trading on Monday, hitting $137.76. The company’s stock had a trading volume of 231,306 shares, compared to its average volume of 2,465,271. The firm’s 50 day moving average is $146.41 and its 200 day moving average is $134.93. The company has a market cap of $77.58 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.44 and a quick ratio of 0.99. Caterpillar Inc. has a 52-week low of $111.75 and a 52-week high of $150.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, January 17th. Caterpillar’s dividend payout ratio is currently 36.72%.
CAT has been the subject of a number of recent analyst reports. Wells Fargo & Co increased their price target on Caterpillar from $143.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Daiwa Capital Markets upgraded Caterpillar from a “neutral” rating to an “outperform” rating and increased their price target for the company from $143.00 to $165.00 in a research report on Tuesday, January 21st. Morgan Stanley increased their price target on Caterpillar from $132.00 to $137.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Standpoint Research lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $152.00 price target on shares of Caterpillar in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average target price of $148.24.
Caterpillar Company Profile
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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