Caterpillar Inc. (NYSE:CAT) Shares Acquired by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 8.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,493 shares of the industrial products company’s stock after acquiring an additional 675 shares during the quarter. Caterpillar accounts for about 1.3% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 16th largest position. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Caterpillar were worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after acquiring an additional 9,776,533 shares during the last quarter. Norges Bank acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $1,175,255,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Caterpillar during the first quarter worth approximately $433,134,000. Imprint Wealth LLC grew its position in Caterpillar by 24,982.9% in the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock valued at $153,808,000 after buying an additional 1,531,952 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated 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 transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Maclennan acquired 350 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the acquisition, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen increased their target price on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Morgan Stanley began coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target on the stock. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Down 0.1 %

Shares of CAT stock traded down $0.52 on Thursday, hitting $357.80. The stock had a trading volume of 968,628 shares, compared to its average volume of 2,415,292. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The firm has a market capitalization of $178.69 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The stock’s 50 day moving average is $345.24 and its 200-day moving average is $296.78.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same quarter last year, the firm earned $3.86 EPS. Caterpillar’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, research analysts expect that Caterpillar Inc. will post 21.33 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 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.