275 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Bfsg LLC

Bfsg LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, HoldingsChannel reports. The fund acquired 275 shares of the industrial products company’s stock, valued at approximately $81,000.

Several other large investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new position in Caterpillar during the 4th quarter valued at $30,000. Fortitude Family Office LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $39,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth about $41,000. Rational Advisors LLC bought a new stake in Caterpillar during the 3rd quarter worth about $42,000. Finally, Milestone Investment Advisors LLC bought a new stake in Caterpillar during the 3rd quarter worth about $44,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CAT shares. Morgan Stanley began coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Stifel Nicolaus downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and raised their target price for the stock from $293.00 to $350.00 in a report on Friday. The Goldman Sachs Group raised their target price on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, TD Cowen raised their target price on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $310.83.

Caterpillar Trading Down 0.3 %

NYSE CAT opened at $337.00 on Friday. The stock has a market capitalization of $168.30 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.62 and a beta of 1.17. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The business’s fifty day moving average is $349.67 and its 200-day moving average is $300.30.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Equities research analysts predict that Caterpillar Inc. will post 21.3 EPS for the current year.

Caterpillar Dividend Announcement

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 given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is presently 25.82%.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated 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 sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the business’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 transaction of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’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 sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 35,769 shares of company stock worth $11,508,906 in the last 90 days. 0.33% of the stock is owned by company insiders.

About Caterpillar

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.