Duality Advisers LP Invests $1.68 Million in Caterpillar Inc. (NYSE:CAT)

Duality Advisers LP acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,674 shares of the industrial products company’s stock, valued at approximately $1,678,000.

Other large investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC raised its position in shares of Caterpillar by 112.0% in the 3rd quarter. Impact Partnership Wealth LLC now owns 638 shares of the industrial products company’s stock worth $174,000 after purchasing an additional 337 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in Caterpillar during the 3rd quarter valued at about $734,000. Integrated Investment Consultants LLC raised its holdings in Caterpillar by 2.8% in the third quarter. Integrated Investment Consultants LLC now owns 1,504 shares of the industrial products company’s stock worth $410,000 after buying an additional 41 shares during the last quarter. Atwater Malick LLC raised its holdings in Caterpillar by 0.4% in the third quarter. Atwater Malick LLC now owns 42,015 shares of the industrial products company’s stock worth $11,470,000 after buying an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Caterpillar by 25.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,429 shares of the industrial products company’s stock valued at $390,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. The Goldman Sachs Group upped their price target on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. 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. TD Cowen raised their target price on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Citigroup lifted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Performance

NYSE:CAT opened at $357.62 on Tuesday. The stock has a 50-day simple moving average of $347.42 and a two-hundred day simple moving average of $298.90. 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 52-week low of $204.04 and a 52-week high of $382.01. The firm has a market capitalization of $178.60 billion, a PE ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the firm posted $3.86 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director David Maclennan bought 350 shares of the company’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 in the company, valued at $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction 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 $20,197,792.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,769 shares of company stock valued at $14,509,306. Company insiders own 0.33% of the company’s stock.

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.