Hartline Investment Corp Takes $202,000 Position in Caterpillar Inc. (NYSE:CAT)

Hartline Investment Corp acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 683 shares of the industrial products company’s stock, valued at approximately $202,000.

Several other institutional investors have also bought and sold shares of CAT. Gilfoyle & Co LLC bought a new stake in Caterpillar during the fourth quarter worth $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar in the fourth quarter worth $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar in the third quarter worth $41,000. Rational Advisors LLC purchased a new position in Caterpillar in the third quarter worth $42,000. Finally, Milestone Investment Advisors LLC purchased a new position in Caterpillar in the third quarter worth $44,000. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CAT. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Citigroup upped their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird upped their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Morgan Stanley assumed coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average target price of $307.56.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.1 %

CAT stock traded up $0.23 on Wednesday, reaching $363.48. 3,030,552 shares of the company traded hands, compared to its average volume of 2,436,106. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The company has a market cap of $181.52 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The firm has a fifty day simple moving average of $348.44 and a 200-day simple moving average of $299.59.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the company posted $3.86 earnings per share. Caterpillar’s revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 21.32 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio (DPR) is presently 25.82%.

About Caterpillar

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.