By otakuyassine3@gmail.com 
First Pacific Financial boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 128.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,402 shares of the industrial products company’s stock after acquiring an additional 788 shares during the period. First Pacific Financial’s holdings in Caterpillar were worth $509,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Caterpillar in the third quarter worth $36,000. Fairscale Capital LLC bought a new position in Caterpillar in the 2nd quarter worth about $36,000. Kimelman & Baird LLC grew its position in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 50 shares in the last quarter. Finally, HWG Holdings LP bought a new position in shares of Caterpillar in the second quarter worth approximately $54,000. Institutional investors own 70.98% of the company’s stock.
Insider Activity
In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,868 shares of company stock valued at $9,679,489 in the last ninety days. Insiders own 0.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a report on Monday. UBS Group lifted their price objective on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $380.60.
Read Our Latest Research Report on Caterpillar
Caterpillar Stock Performance
Shares of CAT opened at $380.85 on Friday. Caterpillar Inc. has a 52 week low of $276.94 and a 52 week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market cap of $183.87 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.72 and a beta of 1.13. The business has a 50-day simple moving average of $380.24 and a two-hundred day simple moving average of $366.36.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.52 EPS. On average, analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.
Caterpillar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.48%. Caterpillar’s dividend payout ratio is currently 26.15%.
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.
See Also
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