BCS Wealth Management Takes Position in Caterpillar Inc. (NYSE:CAT)

BCS Wealth Management acquired a new position in shares of Caterpillar Inc. (NYSE:CATFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,094 shares of the industrial products company’s stock, valued at approximately $760,000.

A number of other institutional investors also recently modified their holdings of CAT. Fairscale Capital LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $36,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the 3rd quarter valued at about $36,000. Kimelman & Baird LLC raised its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares in the last quarter. HWG Holdings LP acquired a new position in Caterpillar during the second quarter valued at approximately $54,000. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on CAT shares. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research report on Monday. Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $384.33.

Read Our Latest Stock Analysis on Caterpillar

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $362.82 on Tuesday. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50. The firm has a market capitalization of $175.17 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.92 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The company’s 50 day moving average price is $381.88 and its two-hundred day moving average price is $365.94.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the prior year, the company earned $5.52 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 23,868 shares of company stock valued at $9,679,489. Company insiders own 0.29% of the company’s stock.

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 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.

Recommended Stories

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.