1,875 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Stonebrook Private Inc.

Stonebrook Private Inc. bought a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,875 shares of the industrial products company’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Paradiem LLC increased its holdings in Caterpillar by 35.8% in the 4th quarter. Paradiem LLC now owns 29,061 shares of the industrial products company’s stock worth $8,592,000 after purchasing an additional 7,666 shares in the last quarter. Consolidated Planning Corp increased its stake in shares of Caterpillar by 0.9% in the fourth quarter. Consolidated Planning Corp now owns 26,986 shares of the industrial products company’s stock valued at $7,979,000 after buying an additional 243 shares during the period. Intact Investment Management Inc. increased its stake in shares of Caterpillar by 19.4% in the fourth quarter. Intact Investment Management Inc. now owns 12,940 shares of the industrial products company’s stock valued at $3,826,000 after buying an additional 2,100 shares during the period. Valmark Advisers Inc. increased its stake in shares of Caterpillar by 6.4% in the fourth quarter. Valmark Advisers Inc. now owns 2,436 shares of the industrial products company’s stock valued at $720,000 after buying an additional 147 shares during the period. Finally, Addison Advisors LLC increased its stake in shares of Caterpillar by 28.7% in the fourth quarter. Addison Advisors LLC now owns 2,052 shares of the industrial products company’s stock valued at $607,000 after buying an additional 457 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction 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 in the company, valued at approximately $19,886,667.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Friday, February 2nd. The stock was 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 owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,769 shares of company stock worth $11,508,906. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $343.38 on Monday. The firm has a market cap of $171.48 billion, a PE ratio of 15.50, a P/E/G ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The firm has a fifty day simple moving average of $350.10 and a two-hundred day simple moving average of $301.19. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, equities analysts anticipate that Caterpillar Inc. will post 21.44 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. Caterpillar’s dividend payout ratio is presently 23.48%.

Analysts Set New Price Targets

CAT has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. The Goldman Sachs Group increased their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and raised their price target for the stock from $293.00 to $350.00 in a report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $316.88.

Caterpillar 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.