Evermay Wealth Management LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,845 shares of the industrial products company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 128 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Gradient Investments LLC bought a new stake in Caterpillar during the fourth quarter worth $113,000. Harvest Fund Management Co. Ltd bought a new stake in Caterpillar during the fourth quarter worth $131,000. Finally, Massey Quick Simon & CO. LLC lifted its stake in Caterpillar by 4,240.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after purchasing an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

A number of research analysts have recently commented on CAT shares. Argus increased their price target on Caterpillar from $130.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Bank of America set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. UBS Group set a $155.00 price target on Caterpillar and gave the company a “buy” rating in a research note on Wednesday, October 25th. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Caterpillar in a research note on Friday, October 20th. Finally, Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $167.60.

In related news, insider Jananne A. Copeland sold 3,247 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $136.95, for a total value of $444,676.65. Following the completion of the sale, the insider now directly owns 8,908 shares in the company, valued at $1,219,950.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, 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 143,331 shares of company stock valued at $22,107,578 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

Shares of Caterpillar Inc. (NYSE:CAT) opened at $153.97 on Wednesday. The firm has a market capitalization of $91,600.00, a price-to-earnings ratio of 122.20, a P/E/G ratio of 1.63 and a beta of 1.22. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $173.24. 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 posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. Caterpillar’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. equities analysts anticipate that Caterpillar Inc. will post 9.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a yield of 2.03%. Caterpillar’s payout ratio is 247.62%.

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About Caterpillar

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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