Caterpillar Inc. (NYSE:CAT) Shares Bought by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,206 shares of the industrial products company’s stock after buying an additional 82 shares during the period. Roman Butler Fullerton & Co.’s holdings in Caterpillar were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Lodestar Private Asset Management LLC increased its position in Caterpillar by 4.4% during the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after buying an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in shares of Caterpillar by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock worth $774,000 after buying an additional 35 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after buying an additional 36 shares during the last quarter. ACT Wealth Management LLC boosted its stake in shares of Caterpillar by 4.3% in the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after buying an additional 36 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Caterpillar by 2.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock worth $560,000 after buying an additional 37 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CAT. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Robert W. Baird upped their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $307.56.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at $20,197,792.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction on Wednesday, February 7th. The shares were 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 of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of Caterpillar stock traded up $2.27 during mid-day trading on Thursday, reaching $360.59. 331,758 shares of the stock traded hands, compared to its average volume of 2,404,883. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $180.08 billion, a PE ratio of 17.79, a PEG ratio of 1.60 and a beta of 1.17. The business has a 50-day moving average of $345.24 and a 200 day moving average of $296.78.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.44%. Caterpillar’s dividend payout ratio is presently 25.82%.

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.