275 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Bfsg LLC

Bfsg LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 275 shares of the industrial products company’s stock, valued at approximately $81,000.

Other institutional investors also recently bought and sold shares of the company. Gilfoyle & Co LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $30,000. Fortitude Family Office LLC acquired a new stake in Caterpillar during the fourth quarter worth about $39,000. Authentikos Wealth Advisory LLC acquired a new stake in Caterpillar during the third quarter worth about $41,000. Rational Advisors LLC acquired a new stake in Caterpillar during the third quarter worth about $42,000. Finally, Milestone Investment Advisors LLC acquired a new stake in Caterpillar during the third quarter worth about $44,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. The Goldman Sachs Group lifted their price objective on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Wells Fargo & Company boosted their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Finally, Citigroup boosted their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $310.83.

Caterpillar Price Performance

Shares of NYSE CAT opened at $337.00 on Friday. The firm has a market cap of $168.30 billion, a PE ratio of 16.79, a PEG ratio of 1.62 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. The company has a fifty day moving average price of $349.67 and a 200 day moving average price of $300.30.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Research analysts predict that Caterpillar Inc. will post 21.3 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.54%. Caterpillar’s payout ratio is 25.82%.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,769 shares of company stock worth $11,508,906. Company insiders own 0.33% of the company’s stock.

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.