Monument Capital Management increased its stake in Caterpillar Inc. (NYSE:CAT) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 18,378 shares of the industrial products company’s stock after purchasing an additional 85 shares during the period. Caterpillar makes up about 1.4% of Monument Capital Management’s portfolio, making the stock its 22nd biggest position. Monument Capital Management’s holdings in Caterpillar were worth $2,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Evercore Wealth Management LLC lifted its stake in shares of Caterpillar by 7.8% in the 2nd quarter. Evercore Wealth Management LLC now owns 11,697 shares of the industrial products company’s stock valued at $1,595,000 after acquiring an additional 847 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Caterpillar by 6.6% in the 2nd quarter. Asset Management One Co. Ltd. now owns 334,277 shares of the industrial products company’s stock valued at $45,560,000 after acquiring an additional 20,611 shares during the last quarter. National Pension Service lifted its stake in shares of Caterpillar by 1.6% in the 2nd quarter. National Pension Service now owns 634,026 shares of the industrial products company’s stock valued at $86,411,000 after acquiring an additional 9,680 shares during the last quarter. Weiss Asset Management LP lifted its stake in shares of Caterpillar by 11.2% in the 2nd quarter. Weiss Asset Management LP now owns 1,642 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 165 shares during the last quarter. Finally, A.R.T. Advisors LLC lifted its stake in shares of Caterpillar by 19.5% in the 2nd quarter. A.R.T. Advisors LLC now owns 57,547 shares of the industrial products company’s stock valued at $7,843,000 after acquiring an additional 9,400 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

CAT has been the subject of a number of recent research reports. Goldman Sachs Group boosted their target price on Caterpillar from $130.00 to $156.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Citigroup lowered their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. ValuEngine raised Caterpillar from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Co upped their price target on Caterpillar from $143.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Standpoint Research lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $143.44.

CAT traded down $0.14 during trading on Tuesday, hitting $146.68. 2,742,236 shares of the company’s stock traded hands, compared to its average volume of 2,744,327. The company’s 50 day simple moving average is $145.98 and its two-hundred day simple moving average is $134.39. The company has a current ratio of 1.44, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Caterpillar Inc. has a 12-month low of $111.75 and a 12-month high of $150.55. The stock has a market capitalization of $80.76 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.56 and a beta of 1.52.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.16). Caterpillar had a net margin of 10.99% and a return on equity of 42.51%. The business had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $13.49 billion. During the same quarter in the prior year, the business posted $2.86 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities analysts expect that Caterpillar Inc. will post 10.85 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $4.12 annualized dividend and a yield of 2.81%. Caterpillar’s dividend payout ratio is 36.72%.

In other news, insider Denise C. Johnson sold 14,777 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $140.00, for a total transaction of $2,068,780.00. Following the transaction, the insider now directly owns 26,464 shares of the company’s stock, valued at approximately $3,704,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Gary Michael Marvel sold 2,180 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $139.38, for a total value of $303,848.40. Following the transaction, the chief accounting officer now directly owns 2,180 shares in the company, valued at $303,848.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,122 shares of company stock worth $13,083,041. Company insiders own 0.37% of the company’s stock.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

Featured Story: What is the S&P/ASX 200 Index?

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.