Caterpillar Inc. (NYSE:CAT) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,627 shares of the industrial products company’s stock after acquiring an additional 258 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Caterpillar were worth $1,316,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth about $34,000. Kimelman & Baird LLC raised its position in shares of Caterpillar by 42.9% in the third 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 last quarter. Albion Financial Group UT boosted its position in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake in Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citigroup increased their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Evercore ISI lifted their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two equities 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 45,182 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock worth $7,226,584 in the last quarter. 0.29% of the stock is owned by corporate insiders.

Caterpillar Trading Down 2.7 %

Shares of CAT opened at $339.84 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The stock has a market cap of $162.42 billion, a PE ratio of 15.40, a P/E/G ratio of 1.89 and a beta of 1.12. The stock’s 50-day moving average is $369.54 and its two-hundred day moving average is $372.24.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

Caterpillar Company 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.