Regency Capital Management Inc. DE Boosts Stock Position in Caterpillar Inc. (NYSE:CAT)

Regency Capital Management Inc. DE increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,656 shares of the industrial products company’s stock after buying an additional 504 shares during the period. Caterpillar comprises approximately 2.3% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 20th largest holding. Regency Capital Management Inc. DE’s holdings in Caterpillar were worth $4,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. International Assets Investment Management LLC lifted its stake in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after buying an additional 2,131,276 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in shares of Caterpillar by 4,018.6% in the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after acquiring an additional 249,155 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Caterpillar by 2.3% in the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock worth $3,501,554,000 after acquiring an additional 205,012 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Caterpillar by 34.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock worth $305,908,000 after purchasing an additional 200,210 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Caterpillar by 106.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 317,828 shares of the industrial products company’s stock valued at $124,309,000 after purchasing an additional 163,725 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

Shares of CAT stock opened at $407.95 on Friday. Caterpillar Inc. has a one year low of $293.13 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The firm’s 50 day moving average price is $381.07 and its 200-day moving average price is $369.19. The firm has a market cap of $196.96 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.97 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.52 earnings per share. As a group, equities research analysts predict that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders 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 dividend on an annualized basis and a yield of 1.38%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a report on Monday, January 13th. 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 research note on Monday, December 9th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average price target of $380.60.

About Caterpillar

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.