Calamos Wealth Management LLC Purchases 99 Shares of Caterpillar Inc. (NYSE:CAT)

Calamos Wealth Management LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,991 shares of the industrial products company’s stock after buying an additional 99 shares during the quarter. Calamos Wealth Management LLC’s holdings in Caterpillar were worth $722,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Czech National Bank grew its holdings in shares of Caterpillar by 6.0% during the 3rd quarter. Czech National Bank now owns 98,778 shares of the industrial products company’s stock worth $38,634,000 after purchasing an additional 5,584 shares in the last quarter. Diversified Trust Co grew its stake in Caterpillar by 16.5% during the third quarter. Diversified Trust Co now owns 7,486 shares of the industrial products company’s stock worth $2,928,000 after buying an additional 1,059 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in Caterpillar by 1.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 4,491 shares of the industrial products company’s stock valued at $1,757,000 after buying an additional 59 shares during the period. Fulton Bank N.A. raised its position in shares of Caterpillar by 3.0% in the 3rd quarter. Fulton Bank N.A. now owns 1,761 shares of the industrial products company’s stock valued at $689,000 after buying an additional 51 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC boosted its position in shares of Caterpillar by 5.4% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 2,904 shares of the industrial products company’s stock worth $1,136,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $362.21 on Wednesday. The firm has a market cap of $174.88 billion, a P/E ratio of 16.41, a P/E/G ratio of 1.95 and a beta of 1.12. The stock’s 50 day moving average is $380.00 and its 200 day moving average is $371.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the sale, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,936 shares of company stock valued at $11,558,971 in the last ninety days. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a report on Monday, January 13th. Finally, Morgan Stanley dropped their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $379.50.

About Caterpillar

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.