Schear Investment Advisers LLC raised its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,864 shares of the industrial products company’s stock after purchasing an additional 236 shares during the quarter. Caterpillar comprises 1.3% of Schear Investment Advisers LLC’s investment portfolio, making the stock its 19th biggest position. Schear Investment Advisers LLC’s holdings in Caterpillar were worth $2,490,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the third quarter valued at $36,000. Albion Financial Group UT grew its holdings in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC raised its holdings in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after buying an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC lifted its position in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Analyst Ratings Changes
Several analysts recently weighed in on CAT shares. Robert W. Baird lifted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group raised their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $383.13.
Insider Buying and Selling at Caterpillar
In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on 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 completion of the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.
Caterpillar Trading Down 0.2 %
NYSE:CAT opened at $362.61 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock has a market cap of $175.07 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.94 and a beta of 1.12. The stock has a 50-day simple moving average of $375.80 and a 200-day simple moving average of $371.86.
Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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 anticipate that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal 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 $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.56%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.
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.
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