TigerOak Management L.L.C. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 606 shares of the industrial products company’s stock, valued at approximately $220,000.
Several other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Caterpillar by 0.7% in the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock valued at $3,987,206,000 after purchasing an additional 67,148 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Caterpillar by 2.3% in the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after purchasing an additional 205,012 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Caterpillar by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock valued at $1,418,793,000 after purchasing an additional 64,452 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Caterpillar by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company’s stock valued at $1,262,290,000 after purchasing an additional 8,088 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Caterpillar by 39,534.0% in the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday, January 13th. Jefferies Financial Group upped their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $383.13.
Caterpillar Stock Performance
Shares of CAT stock opened at $353.31 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $372.47 and its 200-day simple moving average is $371.96. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a market cap of $170.58 billion, a PE ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.12.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts expect that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The company 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 $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.
Insider Activity at Caterpillar
In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.
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.
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