Inspire Investing LLC Has $15.66 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Inspire Investing LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,164 shares of the industrial products company’s stock after selling 1,088 shares during the quarter. Caterpillar accounts for 1.8% of Inspire Investing LLC’s portfolio, making the stock its 3rd biggest holding. Inspire Investing LLC’s holdings in Caterpillar were worth $15,658,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board boosted its holdings in shares of Caterpillar by 52.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 17,448 shares of the industrial products company’s stock worth $5,812,000 after purchasing an additional 6,008 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of Caterpillar by 17.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,923 shares of the industrial products company’s stock worth $1,307,000 after purchasing an additional 588 shares during the period. Trinity Legacy Partners LLC boosted its holdings in shares of Caterpillar by 0.8% in the 2nd quarter. Trinity Legacy Partners LLC now owns 17,562 shares of the industrial products company’s stock worth $5,850,000 after purchasing an additional 134 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in shares of Caterpillar by 21.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 215 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 38 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Caterpillar by 39.1% in the 2nd quarter. AQR Capital Management LLC now owns 255,605 shares of the industrial products company’s stock worth $84,976,000 after purchasing an additional 71,788 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 in the last three months. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 0.2 %

Shares of NYSE:CAT opened at $397.68 on Thursday. The business’s 50-day moving average is $380.20 and its 200 day moving average is $368.38. Caterpillar Inc. has a 1 year low of $287.52 and a 1 year high of $418.50. The firm has a market capitalization of $192.00 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.97 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $5.52 earnings per share. On average, research analysts predict that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 26.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CAT shares. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. UBS Group lifted their target price on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $380.60.

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.