Gries Financial LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 34.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056 shares of the industrial products company’s stock after selling 552 shares during the quarter. Gries Financial LLC’s holdings in Caterpillar were worth $383,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of Caterpillar in the 2nd quarter valued at approximately $114,000. Anchor Investment Management LLC raised its holdings in shares of Caterpillar by 3.9% in the second quarter. Anchor Investment Management LLC now owns 12,941 shares of the industrial products company’s stock worth $4,311,000 after buying an additional 489 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of Caterpillar by 83.5% during the second quarter. Centaurus Financial Inc. now owns 4,535 shares of the industrial products company’s stock worth $1,511,000 after buying an additional 2,063 shares during the period. Jacobs & Co. CA grew its holdings in shares of Caterpillar by 0.5% during the third quarter. Jacobs & Co. CA now owns 40,231 shares of the industrial products company’s stock valued at $15,735,000 after buying an additional 215 shares during the last quarter. Finally, Doliver Advisors LP raised its stake in Caterpillar by 2.2% in the 3rd quarter. Doliver Advisors LP now owns 1,518 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 33 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CAT has been the topic of several research analyst reports. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research note on Monday, January 13th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Citigroup reduced their price target on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $384.60.
Insider Activity
In related news, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This represents a 20.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 32,900 shares of company stock worth $13,111,601 over the last quarter. 0.29% of the stock is currently owned by corporate insiders.
Caterpillar Stock Down 4.4 %
Caterpillar stock opened at $375.98 on Friday. Caterpillar Inc. has a 12 month low of $299.93 and a 12 month high of $418.50. The stock has a market capitalization of $181.52 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business has a 50 day simple moving average of $381.68 and a 200-day simple moving average of $370.78.
Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. On average, analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.
Caterpillar Announces Dividend
The company also recently announced 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 is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.50%. Caterpillar’s payout ratio is currently 26.15%.
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.
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