Carmichael Hill & Associates Inc. purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, HoldingsChannel reports. The firm purchased 3,930 shares of the industrial products company’s stock, valued at approximately $619,000.

A number of other large investors also recently modified their holdings of CAT. Jennison Associates LLC grew its position in Caterpillar by 126.5% during the fourth quarter. Jennison Associates LLC now owns 5,951,370 shares of the industrial products company’s stock worth $937,817,000 after buying an additional 3,324,051 shares in the last quarter. Vanguard Group Inc. grew its position in Caterpillar by 6.1% during the second quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. FMR LLC grew its position in Caterpillar by 11.7% during the second quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. Balyasny Asset Management LLC grew its position in Caterpillar by 663.8% during the second quarter. Balyasny Asset Management LLC now owns 1,032,853 shares of the industrial products company’s stock worth $110,990,000 after buying an additional 1,216,053 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Caterpillar by 61.7% during the second quarter. Renaissance Technologies LLC now owns 2,501,100 shares of the industrial products company’s stock worth $268,768,000 after buying an additional 954,200 shares in the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Thomas A. Pellette sold 24,547 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the transaction, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Insiders sold a total of 143,331 shares of company stock valued at $22,107,578 over the last quarter. 0.14% of the stock is owned by corporate insiders.

A number of equities research analysts recently issued reports on the company. Vetr raised Caterpillar from a “buy” rating to a “strong-buy” rating and set a $170.44 price target on the stock in a research report on Monday. Barclays assumed coverage on Caterpillar in a research report on Tuesday, December 12th. They set an “overweight” rating and a $162.00 price target on the stock. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Deutsche Bank set a $149.00 price target on Caterpillar and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $185.00 target price (up previously from $160.00) on shares of Caterpillar in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $167.80.

Shares of Caterpillar Inc. (CAT) opened at $149.21 on Monday. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24. The firm has a market capitalization of $88,770.05, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same period in the prior year, the company earned $0.83 EPS. Caterpillar’s revenue was up 34.7% compared to the same quarter last year. equities research analysts expect that Caterpillar Inc. will post 9.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is 247.62%.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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