152 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 152 shares of the industrial products company’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Partners Wealth Management LLC acquired a new position in Caterpillar in the 4th quarter worth approximately $352,000. Delta Financial Group Inc. acquired a new stake in shares of Caterpillar during the 4th quarter valued at $699,000. MONECO Advisors LLC boosted its stake in shares of Caterpillar by 20.2% during the 4th quarter. MONECO Advisors LLC now owns 5,478 shares of the industrial products company’s stock valued at $1,987,000 after buying an additional 919 shares during the period. Howard Capital Management Inc. boosted its stake in shares of Caterpillar by 4.9% during the 4th quarter. Howard Capital Management Inc. now owns 3,356 shares of the industrial products company’s stock valued at $1,217,000 after buying an additional 157 shares during the period. Finally, Fisher Funds Management LTD acquired a new stake in shares of Caterpillar during the 4th quarter valued at $3,640,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $339.84 on Monday. The company has a market capitalization of $162.42 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company’s fifty day moving average price is $368.73 and its 200 day moving average price is $372.72.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were issued a dividend of $1.41 per share. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.66%. Caterpillar’s payout ratio is 25.56%.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was 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 owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,704 shares of company stock worth $7,226,584. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CAT shares. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. DA Davidson lifted their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Robert W. Baird lifted their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Citigroup lifted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.