Forum Financial Management LP bought a new stake in Caterpillar Inc. (NYSE: CAT – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,931 shares of the industrial products company stock, valued at approximately $ 1,019,000.
Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its stake in shares of Caterpillar by 322.6% during the 4th quarter. Crewe Advisors LLC now owns 131 shares of the industrial products company stock valued at $ 27,000 after acquiring an additional 100 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $ 31,000. Sierra Capital LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $ 38,000. IMA Wealth Inc. acquired a new stake in Caterpillar during the 4th quarter worth approximately $ 41,000. Finally, KB Financial Partners LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $ 41,000. Institutional investors own 67.44% of the company stock.
CAT has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Caterpillar in a research report on Thursday, March 31st. They set a “hold” rating for the company. Jefferies Financial Group raised shares of Caterpillar from a “hold” rating to a “buy” rating and increased their objective price for the company from $ 215.00 to $ 260.00 in a research report on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Caterpillar from $ 250.00 to $ 240.00 in a research report on Friday, April 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $ 280.00 objective price on shares of Caterpillar in a research report on Thursday, May 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $ 241.00 to $ 257.00 and gave the company an “overweight” rating in a research report on Monday, March 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company stock. Based on data from MarketBeat, Caterpillar has an average rating of “Buy” and a consensus price target of $ 243.71.
In related news, insider Joseph E. Creed sold 5,004 shares of Caterpillar stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $ 235.00, for a total transaction of $ 1,175,940.00. Following the transaction, the insider now directly owns 2,757 shares of the company stock, valued at $ 647,895. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Maclennan bought 600 shares of the stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $ 219.82 per share, for a total transaction of $ 131,892.00. Following the completion of the acquisition, the director now owns 2,480 shares of the company stock, valued at $ 545,153.60. The disclosure for this purchase can be found here. Insiders have sold 11,577 shares of company stock worth $ 2,663,056 over the last three months. Corporate insiders own 0.18% of the company stock.
Shares of NYSE CAT opened at $ 206.00 on Thursday. Caterpillar Inc. has a 1-year low of $ 179.67 and a 1-year high of $ 237.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.44 and a quick ratio of 0.93. The business’s fifty day moving average price is $ 215.29 and its two-hundred day moving average price is $ 210.62. The firm has a market capitalization of $ 109.87 billion, a PE ratio of 17.27, a P / E / G ratio of 1.42 and a beta of 0.94.
Caterpillar (NYSE: CAT – Get Rating) last issued its earnings results on Thursday, April 28th. The industrial products company reported $ 2.88 earnings per share for the quarter, topping the consensus estimate of $ 2.60 by $ 0.28. Caterpillar had a return on equity of 35.10% and a net margin of 12.33%. The firm had revenue of $ 13.60 billion for the quarter, compared to analyst estimates of $ 13.49 billion. During the same period last year, the company earned $ 2.87 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 12.64 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Wednesday, July 20th will be issued a dividend of $ 1.20 per share. This represents a $ 4.80 dividend on an annualized basis and a dividend yield of 2.33%. This is a positive change from Caterpillar’s previous quarterly dividend of $ 1.11. The ex-dividend date of this dividend is Tuesday, July 19th. Caterpillar’s dividend payout ratio (DPR) is 37.22%.
About Caterpillar: (Get Rating)
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.
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