Investors Asset Management of Georgia Inc. GA ADV Sells 100 Shares of Caterpillar Inc. (NYSE:CAT)

Investors Asset Management of Georgia Inc. GA ADV trimmed its holdings in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 7,818 shares of the industrial products company’s stock after selling 100 shares during the quarter. Caterpillar makes up 1.2% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 19th largest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Caterpillar were worth $2,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after buying an additional 9,776,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in Caterpillar by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock valued at $2,339,234,000 after buying an additional 156,608 shares in the last quarter. Fisher Asset Management LLC increased its position in Caterpillar by 2.7% during the second quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the industrial products company’s stock worth $1,900,922,000 after acquiring an additional 202,888 shares during the period. Morgan Stanley increased its holdings in shares of Caterpillar by 17.2% during the fourth quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock worth $1,583,053,000 after purchasing an additional 969,222 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Caterpillar by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after acquiring an additional 92,360 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $4.47 during trading hours on Monday, hitting $321.63. 2,476,706 shares of the company’s stock traded hands, compared to its average volume of 2,845,408. The company has a fifty day simple moving average of $290.15 and a 200-day simple moving average of $273.71. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The stock has a market capitalization of $163.74 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.53 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $334.87.

Caterpillar (NYSE:CATGet Free Report) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.86 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 21.04 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,194 shares of company stock worth $13,000,471. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on CAT. JPMorgan Chase & Co. upped their target price on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Wells Fargo & Company lifted their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Citigroup boosted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $288.61.

View Our Latest Analysis on CAT

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Featured Articles

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:CATFree Report).

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.