Jamison Private Wealth Management Inc. Acquires 237 Shares of Caterpillar Inc. (NYSE:CAT)

Jamison Private Wealth Management Inc. raised its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,273 shares of the industrial products company’s stock after buying an additional 237 shares during the period. Caterpillar makes up approximately 1.8% of Jamison Private Wealth Management Inc.’s holdings, making the stock its 13th biggest holding. Jamison Private Wealth Management Inc.’s holdings in Caterpillar were worth $12,070,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacksonville Wealth Management LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $642,000. Grimes & Company Inc. increased its holdings in Caterpillar by 5.1% during the 4th quarter. Grimes & Company Inc. now owns 3,354 shares of the industrial products company’s stock worth $1,217,000 after purchasing an additional 164 shares during the period. Linden Thomas Advisory Services LLC raised its position in Caterpillar by 14.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,988 shares of the industrial products company’s stock valued at $2,535,000 after purchasing an additional 883 shares in the last quarter. McGuire Investment Group LLC lifted its holdings in shares of Caterpillar by 0.6% in the 4th quarter. McGuire Investment Group LLC now owns 22,960 shares of the industrial products company’s stock worth $8,329,000 after buying an additional 128 shares during the period. Finally, Goelzer Investment Management Inc. increased its stake in shares of Caterpillar by 2.6% during the fourth quarter. Goelzer Investment Management Inc. now owns 15,639 shares of the industrial products company’s stock valued at $5,673,000 after buying an additional 395 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the sale, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock worth $13,480,389 over the last quarter. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group upped their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Bank of America lifted their price target on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus price target of $380.60.

Check Out Our Latest Research Report on CAT

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $407.95 on Friday. The firm has a market capitalization of $196.96 billion, a P/E ratio of 18.91, a PEG ratio of 1.97 and a beta of 1.13. Caterpillar Inc. has a 52 week low of $293.13 and a 52 week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average price of $381.07 and a 200 day moving average price of $369.19.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.52 earnings per share. Sell-side analysts expect that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

About Caterpillar

(Free Report)

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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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