Disciplined Investors L.L.C. Increases Stake in Caterpillar Inc. $CAT

Disciplined Investors L.L.C. raised its position in Caterpillar Inc. (NYSE:CAT) by 112.2% during the fourth quarter, HoldingsChannel reports. The firm owned 3,570 shares of the industrial products company’s stock after purchasing an additional 1,888 shares during the period. Caterpillar comprises 1.3% of Disciplined Investors L.L.C.’s holdings, making the stock its 21st biggest position. Disciplined Investors L.L.C.’s holdings in Caterpillar were worth $2,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Plancorp LLC lifted its holdings in Caterpillar by 0.5% in the 4th quarter. Plancorp LLC now owns 2,777 shares of the industrial products company’s stock valued at $1,591,000 after purchasing an additional 15 shares in the last quarter. BlueStem Wealth Partners LLC lifted its holdings in Caterpillar by 1.3% in the 4th quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company’s stock valued at $683,000 after purchasing an additional 15 shares in the last quarter. KDT Advisors LLC lifted its holdings in Caterpillar by 2.3% in the 4th quarter. KDT Advisors LLC now owns 657 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 15 shares in the last quarter. CFO4Life Group LLC raised its holdings in shares of Caterpillar by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 15 shares during the period. Finally, Sandy Cove Advisors LLC raised its holdings in shares of Caterpillar by 1.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,279 shares of the industrial products company’s stock worth $733,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CAT. Wolfe Research lifted their price target on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Argus lifted their price target on Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Robert W. Baird lifted their price target on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. CICC Research began coverage on Caterpillar in a report on Friday, February 6th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company lifted their price target on Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $933.27.

Caterpillar Stock Up 1.9%

Shares of NYSE:CAT opened at $927.18 on Thursday. The business has a 50-day moving average price of $823.77 and a 200 day moving average price of $710.34. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $427.05 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 1.79 and a beta of 1.59. Caterpillar Inc. has a 12-month low of $345.85 and a 12-month high of $936.71.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the company earned $4.25 EPS. Sell-side analysts expect that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares of the company’s stock, valued at $8,471,789.82. The trade was a 37.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider directly owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,773 shares of company stock worth $87,642,635 over the last 90 days. 0.33% of the stock is owned by insiders.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.