Telemus Capital LLC Has $533,000 Position in Caterpillar Inc. (NYSE:CAT)

Telemus Capital LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,801 shares of the industrial products company’s stock after purchasing an additional 39 shares during the period. Telemus Capital LLC’s holdings in Caterpillar were worth $533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilfoyle & Co LLC acquired a new position in Caterpillar in the 4th quarter worth about $30,000. Fortitude Family Office LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $39,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Caterpillar during the 3rd quarter valued at about $41,000. Rational Advisors LLC bought a new stake in shares of Caterpillar during the 3rd quarter valued at about $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in shares of Caterpillar during the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAT. Morgan Stanley started coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Citigroup raised their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Robert W. Baird lifted their price target on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Truist Financial initiated coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. Finally, Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $307.56.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Lange Bob De sold 21,194 shares of the company’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 value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,769 shares of company stock worth $14,509,306. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.8 %

NYSE CAT opened at $357.62 on Tuesday. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01. 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 50-day moving average of $347.42 and a 200-day moving average of $298.90. The firm has a market cap of $178.60 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 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 analyst estimates of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. Caterpillar’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.86 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 21.41 EPS for the current year.

Caterpillar Announces Dividend

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 given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

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.