Viewpoint Capital Management LLC Purchases 210 Shares of Caterpillar Inc. (NYSE:CAT)

Viewpoint Capital Management LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,305 shares of the industrial products company’s stock after purchasing an additional 210 shares during the period. Caterpillar accounts for about 2.5% of Viewpoint Capital Management LLC’s portfolio, making the stock its 9th largest holding. Viewpoint Capital Management LLC’s holdings in Caterpillar were worth $4,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Capital Advisors Inc. OK increased its stake in shares of Caterpillar by 2.2% in the 4th quarter. Capital Advisors Inc. OK now owns 2,973 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 65 shares during the last quarter. Certuity LLC boosted its position in shares of Caterpillar by 66.5% during the 4th quarter. Certuity LLC now owns 6,036 shares of the industrial products company’s stock valued at $2,190,000 after acquiring an additional 2,410 shares during the last quarter. Indiana Trust & Investment Management Co grew its holdings in shares of Caterpillar by 11.0% in the fourth quarter. Indiana Trust & Investment Management Co now owns 7,299 shares of the industrial products company’s stock valued at $2,648,000 after purchasing an additional 725 shares during the period. TCV Trust & Wealth Management Inc. increased its position in Caterpillar by 33.9% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 1,973 shares of the industrial products company’s stock worth $716,000 after purchasing an additional 500 shares during the last quarter. Finally, Schear Investment Advisers LLC raised its stake in Caterpillar by 3.6% during the fourth quarter. Schear Investment Advisers LLC now owns 6,864 shares of the industrial products company’s stock worth $2,490,000 after purchasing an additional 236 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of CAT opened at $362.61 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $375.80 and its 200-day simple moving average is $371.86. The firm has a market capitalization of $175.07 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.56%. Caterpillar’s dividend payout ratio is currently 25.56%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research report on Monday, January 13th. Finally, Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus price target of $383.13.

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.