Consolidated Planning Corp Has $12.76 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Consolidated Planning Corp grew its position in Caterpillar Inc. (NYSE:CAT) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,172 shares of the industrial products company’s stock after purchasing an additional 505 shares during the quarter. Caterpillar comprises approximately 1.7% of Consolidated Planning Corp’s investment portfolio, making the stock its 14th biggest position. Consolidated Planning Corp’s holdings in Caterpillar were worth $12,759,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its stake in Caterpillar by 1.7% in the 3rd quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock worth $89,142,000 after purchasing an additional 3,772 shares in the last quarter. Swedbank AB grew its position in Caterpillar by 4.2% during the third quarter. Swedbank AB now owns 282,018 shares of the industrial products company’s stock worth $110,303,000 after buying an additional 11,487 shares in the last quarter. Oxinas Partners Wealth Management LLC bought a new position in Caterpillar during the 3rd quarter worth $217,000. ERn Financial LLC bought a new stake in shares of Caterpillar during the 3rd quarter valued at $220,000. Finally, Acorn Creek Capital LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth $201,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Citigroup lifted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $383.13.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 2.8 %

Shares of NYSE CAT opened at $352.10 on Thursday. The stock has a market cap of $169.99 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The firm has a 50 day moving average price of $375.07 and a two-hundred day moving average price of $371.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. As a group, equities analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.60%. Caterpillar’s payout ratio is 25.56%.

Caterpillar Company Profile

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.