Thompson Davis & CO. Inc. grew its stake in Caterpillar Inc. (NYSE:CAT) by 84.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,513 shares of the industrial products company’s stock after buying an additional 693 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Caterpillar were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $131,000. Sandy Spring Bank lifted its holdings in Caterpillar by 61.9% in the 4th quarter. Sandy Spring Bank now owns 981 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 375 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in Caterpillar by 900.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 900 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new position in Caterpillar in the 4th quarter valued at $156,000. Finally, Massey Quick Simon & CO. LLC lifted its holdings in Caterpillar by 4,240.7% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

In related news, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the completion of the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders have sold a total of 143,331 shares of company stock valued at $22,107,578 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

A number of research analysts have weighed in on the company. Vetr upgraded Caterpillar from a “buy” rating to a “strong-buy” rating and set a $170.44 price objective on the stock in a report on Monday. Argus upgraded Caterpillar to a “buy” rating in a report on Friday, February 2nd. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating and issued a $188.00 price objective on shares of Caterpillar in a report on Friday, January 26th. Finally, UBS Group raised their price objective on Caterpillar from $180.00 to $190.00 and gave the company a “buy” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar presently has an average rating of “Buy” and a consensus target price of $167.80.

Shares of Caterpillar Inc. (NYSE:CAT) opened at $154.34 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $93,053.58, a PE ratio of 22.73, a P/E/G ratio of 1.67 and a beta of 1.23. Caterpillar Inc. has a 52-week low of $90.34 and a 52-week high of $173.24.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. The firm had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. analysts predict that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is 247.62%.

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Caterpillar Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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