American Century Companies Inc. lifted its position in Caterpillar Inc. (NYSE:CAT) by 63.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,651,611 shares of the industrial products company’s stock after acquiring an additional 643,081 shares during the period. American Century Companies Inc.’s holdings in Caterpillar were worth $260,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 128 shares in the last quarter. Motco raised its stake in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares in the last quarter. Acrospire Investment Management LLC raised its stake in Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Caterpillar during the fourth quarter worth $131,000. Finally, Massey Quick Simon & CO. LLC raised its stake in Caterpillar by 4,240.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

CAT has been the subject of several recent analyst reports. Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price objective for the company in a research note on Monday, January 15th. BMO Capital Markets increased their price objective on Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Citigroup increased their price objective on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, December 21st. JPMorgan Chase & Co. upgraded Caterpillar from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $161.96 to $200.00 in a research note on Monday, January 8th. Finally, OTR Global lowered Caterpillar to a “positive” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $167.80.

In other news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas A. Pellette sold 95,199 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,331 shares of company stock valued at $22,107,578. 0.14% of the stock is currently owned by corporate insiders.

Shares of Caterpillar Inc. (NYSE:CAT) opened at $156.41 on Wednesday. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The firm has a market capitalization of $93,050.00, a price-to-earnings ratio of 124.13, a PEG ratio of 1.68 and a beta of 1.22. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.01 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’s quarterly revenue was up 34.7% compared to the same quarter last year. sell-side analysts predict that Caterpillar Inc. will post 9.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.99%. Caterpillar’s dividend payout ratio (DPR) is presently 247.62%.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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