1,183 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Rossby Financial LCC

Rossby Financial LCC bought a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,183 shares of the industrial products company’s stock, valued at approximately $429,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAT. Norges Bank bought a new position in Caterpillar in the 4th quarter valued at approximately $2,184,364,000. Raymond James Financial Inc. acquired a new position in Caterpillar in the fourth quarter valued at approximately $353,231,000. Proficio Capital Partners LLC boosted its holdings in shares of Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after buying an additional 803,166 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Caterpillar by 1,278.6% during the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after buying an additional 408,678 shares during the period. Finally, Amundi boosted its stake in Caterpillar by 17.3% during the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock worth $782,109,000 after acquiring an additional 318,891 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT stock opened at $298.07 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $142.46 billion, a PE ratio of 13.51, a P/E/G ratio of 1.87 and a beta of 1.21. The business has a 50 day moving average of $332.75 and a 200-day moving average of $366.35. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.89%. The ex-dividend date is Monday, April 21st. Caterpillar’s dividend payout ratio is 25.56%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $365.87.

Insider Buying and Selling at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.