Stonebridge Financial Planning Group LLC Has $244,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Stonebridge Financial Planning Group LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 825 shares of the industrial products company’s stock after selling 40 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in Caterpillar were worth $244,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CAT. International Assets Investment Management LLC boosted its holdings in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares during the period. Winslow Capital Management LLC lifted its holdings in shares of Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares in the last quarter. FMR LLC grew its holdings in shares of Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after buying an additional 781,111 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Caterpillar by 5,293.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after buying an additional 473,416 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Caterpillar during the third quarter worth $101,872,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 4.4 %

CAT stock opened at $334.57 on Wednesday. The stock has a fifty day moving average of $351.08 and a 200-day moving average of $302.22. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The company has a market capitalization of $167.08 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.51 and a beta of 1.17.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, equities research analysts predict that Caterpillar Inc. will post 21.57 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. In other 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 value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value 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. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. HSBC increased their target price on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $323.35.

Caterpillar 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.