Guerra Pan Advisors LLC Purchases Shares of 2,651 Caterpillar Inc. (NYSE:CAT)

Guerra Pan Advisors LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,651 shares of the industrial products company’s stock, valued at approximately $784,000.

Other large investors have also recently made changes to their positions in the company. Atlas Capital Advisors LLC lifted its position in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares during the period. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $30,000. A.P. Gilfoyle & Co. L.P. purchased a new stake in Caterpillar during the fourth quarter worth $30,000. Finally, First Capital Advisors Group LLC. purchased a new stake in Caterpillar during the second quarter worth $30,000. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Citigroup increased their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Stifel Nicolaus raised their price objective on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Wells Fargo & Company lifted their price objective on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the company 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, eight have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $307.56.

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $3.00 during midday trading on Tuesday, hitting $360.91. The company’s stock had a trading volume of 817,664 shares, compared to its average volume of 2,413,256. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The stock’s 50 day simple moving average is $343.80 and its 200 day simple moving average is $295.74. The stock has a market capitalization of $180.24 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.63 and a beta of 1.17. 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 (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.86 earnings per share. As a group, research analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought 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 $1,693,812.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares in the company, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock valued at $14,509,306 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Company 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.