Kestra Investment Management LLC Has $480,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Kestra Investment Management LLC grew its position in Caterpillar Inc. (NYSE:CAT) by 31.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,323 shares of the industrial products company’s stock after purchasing an additional 318 shares during the quarter. Kestra Investment Management LLC’s holdings in Caterpillar were worth $480,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CAT. Goldstone Financial Group LLC acquired a new position in shares of Caterpillar in the 3rd quarter valued at about $619,000. Allspring Global Investments Holdings LLC increased its holdings in Caterpillar by 9.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 111,400 shares of the industrial products company’s stock worth $43,571,000 after purchasing an additional 9,572 shares in the last quarter. Trilogy Capital Inc. lifted its stake in Caterpillar by 4.9% in the third quarter. Trilogy Capital Inc. now owns 732 shares of the industrial products company’s stock valued at $286,000 after buying an additional 34 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Caterpillar by 8.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 6,831 shares of the industrial products company’s stock worth $2,672,000 after buying an additional 556 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of Caterpillar by 249.7% in the 3rd quarter. Eastern Bank now owns 14,267 shares of the industrial products company’s stock valued at $5,580,000 after acquiring an additional 10,187 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,704 shares of company stock worth $7,226,584. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $353.26 on Thursday. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company’s 50 day moving average price is $370.89 and its two-hundred day moving average price is $372.54. The stock has a market cap of $170.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 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%. On average, equities analysts predict that Caterpillar Inc. will post 19.98 earnings per share for the current year.

Caterpillar Announces Dividend

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 given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.60%. Caterpillar’s payout ratio is currently 25.56%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CAT. Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Evercore ISI increased their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday. StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, DA Davidson boosted their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $383.80.

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.