Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 88 Shares of Caterpillar Inc. (NYSE:CAT)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Caterpillar Inc. (NYSE:CAT) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,063 shares of the industrial products company’s stock after purchasing an additional 88 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Caterpillar were worth $319,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CAT. Gilfoyle & Co LLC bought a new stake in Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC bought a new stake in Caterpillar in the fourth quarter valued at $39,000. Authentikos Wealth Advisory LLC bought a new stake in Caterpillar in the third quarter valued at $41,000. Rational Advisors LLC bought a new stake in Caterpillar in the third quarter valued at $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in Caterpillar in the third quarter valued at $44,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT traded up $6.95 during mid-day trading on Tuesday, reaching $364.56. The company’s stock had a trading volume of 1,028,541 shares, compared to its average volume of 2,417,888. Caterpillar Inc. has a 12-month low of $204.04 and a 12-month high of $382.01. The firm’s fifty day moving average price is $347.42 and its two-hundred day moving average price is $298.90. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a market cap of $182.06 billion, a P/E ratio of 17.76, a PEG ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the firm earned $3.86 EPS. Caterpillar’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David Maclennan acquired 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent research reports. Citigroup raised their price objective on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley initiated coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $307.56.

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.