Consolidated Planning Corp Purchases 738 Shares of Caterpillar Inc. (NYSE:CAT)

Consolidated Planning Corp lifted its position in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,701 shares of the industrial products company’s stock after acquiring an additional 738 shares during the quarter. Caterpillar makes up about 1.5% of Consolidated Planning Corp’s investment portfolio, making the stock its 18th largest position. Consolidated Planning Corp’s holdings in Caterpillar were worth $4,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi grew its stake in shares of Caterpillar by 15.6% during the second quarter. Amundi now owns 3,130,082 shares of the industrial products company’s stock worth $531,926,000 after purchasing an additional 422,355 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Caterpillar by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,697,327 shares of the industrial products company’s stock worth $601,019,000 after purchasing an additional 98,914 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Caterpillar by 7.5% during the second quarter. Ontario Teachers Pension Plan Board now owns 2,089,284 shares of the industrial products company’s stock worth $373,480,000 after purchasing an additional 145,409 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Caterpillar by 2.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,860,712 shares of the industrial products company’s stock worth $332,621,000 after purchasing an additional 51,546 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of Caterpillar by 3.6% during the second quarter. Lazard Asset Management LLC now owns 1,145,249 shares of the industrial products company’s stock worth $204,724,000 after purchasing an additional 40,186 shares during the period. Institutional investors own 68.02% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 23,737 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $240.14, for a total value of $5,700,203.18. Following the sale, the insider now owns 8,605 shares in the company, valued at $2,066,404.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, General Counsel Suzette M. Long sold 1,884 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $237.28, for a total value of $447,035.52. Following the transaction, the general counsel now owns 8,665 shares of the company’s stock, valued at $2,056,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise C. Johnson sold 23,737 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $240.14, for a total value of $5,700,203.18. Following the completion of the transaction, the insider now directly owns 8,605 shares in the company, valued at approximately $2,066,404.70. The disclosure for this sale can be found here. Insiders have sold 54,915 shares of company stock worth $13,452,445 over the last 90 days. Company insiders own 0.27% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $256.00 on Wednesday. Caterpillar Inc. has a 52-week low of $160.60 and a 52-week high of $260.50. The firm has a market capitalization of $133.22 billion, a PE ratio of 18.71, a PEG ratio of 1.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.85 and a current ratio of 1.41. The business’s 50-day simple moving average is $239.91 and its 200 day simple moving average is $207.21.

Caterpillar (NYSE:CATGet Rating) last released its quarterly earnings data on Thursday, October 27th. The industrial products company reported $3.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.76. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $14.34 billion. Caterpillar had a return on equity of 41.76% and a net margin of 13.02%. As a group, sell-side analysts expect that Caterpillar Inc. will post 13.85 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, January 20th will be paid a $1.20 dividend. The ex-dividend date is Thursday, January 19th. This represents a $4.80 annualized dividend and a yield of 1.88%. Caterpillar’s dividend payout ratio is 34.86%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CAT shares. Morgan Stanley lifted their price objective on Caterpillar from $174.00 to $190.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 14th. Bank of America raised Caterpillar from a “neutral” rating to a “buy” rating and boosted their target price for the company from $217.00 to $295.00 in a research note on Friday, January 13th. Tigress Financial decreased their target price on Caterpillar from $282.00 to $266.00 and set a “buy” rating for the company in a research note on Friday, September 30th. Cowen boosted their target price on Caterpillar from $240.00 to $264.00 and gave the company an “outperform” rating in a research note on Friday, December 9th. Finally, StockNews.com initiated coverage on Caterpillar in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.00.

About Caterpillar

(Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

Read More

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATGet Rating).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.