Wrapmanager Inc. Makes New $632,000 Investment in Caterpillar Inc. (NYSE:CAT)

Wrapmanager Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,138 shares of the industrial products company’s stock, valued at approximately $632,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. Winslow Capital Management LLC increased its holdings in shares of Caterpillar by 2,265.3% during the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after acquiring an additional 1,070,570 shares in the last quarter. FMR LLC raised its position in shares of Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after purchasing an additional 781,111 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Caterpillar by 19.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company’s stock valued at $947,875,000 after purchasing an additional 529,420 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in Caterpillar by 5,293.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock worth $142,620,000 after buying an additional 473,416 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE CAT traded up $7.28 during trading on Thursday, hitting $351.78. The company had a trading volume of 3,182,127 shares, compared to its average volume of 2,508,150. The stock has a 50 day simple moving average of $353.23 and a 200 day simple moving average of $305.54. The firm has a market capitalization of $172.04 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. As a group, analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.48%. Caterpillar’s dividend payout ratio is presently 23.48%.

Insider Activity

In other Caterpillar news, Director David Maclennan bought 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan bought 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Citigroup lifted their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus cut shares of Caterpillar from a “buy” rating to a “hold” rating and boosted their price objective for the company from $293.00 to $350.00 in a report on Friday, April 26th. Finally, Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $323.35.

Caterpillar Profile

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.