Valeo Financial Advisors LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 141.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,023 shares of the industrial products company’s stock after buying an additional 12,324 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Caterpillar were worth $3,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC acquired a new stake in Caterpillar in the 2nd quarter valued at $27,000. FNY Investment Advisers LLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $29,000. Savior LLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $36,000. Private Ocean LLC grew its holdings in shares of Caterpillar by 62.9% in the 3rd quarter. Private Ocean LLC now owns 259 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, G&S Capital LLC acquired a new stake in shares of Caterpillar in the third quarter valued at about $38,000. Institutional investors own 64.96% of the company’s stock.

CAT traded down $3.18 during trading hours on Friday, reaching $140.32. The company’s stock had a trading volume of 231,459 shares, compared to its average volume of 2,336,127. The company’s 50-day moving average is $146.42 and its 200-day moving average is $134.91. Caterpillar Inc. has a 52 week low of $111.75 and a 52 week high of $150.55. The firm has a market cap of $78.83 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 1.54 and a beta of 1.52. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.99 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the Zacks’ consensus estimate of $2.82 by ($0.16). Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The company had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $13.49 billion. During the same period last year, the firm earned $2.86 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 10.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.94%. Caterpillar’s dividend payout ratio (DPR) is presently 36.72%.

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Caterpillar from $155.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. ValuEngine raised Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group dropped their price objective on Caterpillar to $110.00 and set a “sell” rating on the stock in a research note on Thursday, October 24th. Morgan Stanley upped their price objective on Caterpillar from $132.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Monday, December 16th. Finally, Citigroup increased their price objective on Caterpillar from $145.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average target price of $148.24.

In other Caterpillar news, insider Denise C. Johnson sold 4,172 shares of Caterpillar stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $146.67, for a total value of $611,907.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise C. Johnson sold 14,777 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $140.00, for a total transaction of $2,068,780.00. Following the completion of the sale, the insider now directly owns 26,464 shares of the company’s stock, valued at approximately $3,704,960. The disclosure for this sale can be found here. Insiders sold 90,122 shares of company stock worth $13,083,041 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

Further Reading: Derivative

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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