Caterpillar Inc. (NYSE:CAT) Stake Boosted by Greenleaf Trust

Greenleaf Trust increased its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,344 shares of the industrial products company’s stock after acquiring an additional 302 shares during the period. Greenleaf Trust’s holdings in Caterpillar were worth $4,462,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in Caterpillar by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 70,597 shares of the industrial products company’s stock worth $17,370,000 after purchasing an additional 638 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Caterpillar by 35.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 16,707 shares of the industrial products company’s stock worth $4,111,000 after purchasing an additional 4,370 shares in the last quarter. Panagora Asset Management Inc. increased its stake in Caterpillar by 16.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after purchasing an additional 52,576 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Caterpillar by 36.8% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 14,773 shares of the industrial products company’s stock worth $3,635,000 after acquiring an additional 3,974 shares during the period. Finally, Geode Capital Management LLC boosted its position in Caterpillar by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock worth $2,339,234,000 after acquiring an additional 156,608 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CAT. Sanford C. Bernstein raised their price objective on Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research report on Thursday, December 21st. JPMorgan Chase & Co. raised their price objective on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Tigress Financial raised their price objective on Caterpillar from $282.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. TD Cowen raised their price objective on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird raised their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $284.72.

Get Our Latest Stock Report on CAT

Caterpillar Stock Down 1.5 %

Shares of CAT stock opened at $317.16 on Monday. The stock’s 50 day simple moving average is $290.15 and its 200 day simple moving average is $273.71. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $334.87. The company has a market capitalization of $161.47 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.53 and a beta of 1.15.

Caterpillar (NYSE:CATGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. During the same period last year, the business earned $3.86 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 21.04 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold a total of 41,194 shares of company stock valued at $13,000,471 in the last three months. Company insiders own 0.33% of the company’s stock.

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.