Caterpillar Inc. (NYSE:CAT) Shares Bought by Choreo LLC

Choreo LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,390 shares of the industrial products company’s stock after acquiring an additional 1,924 shares during the quarter. Choreo LLC’s holdings in Caterpillar were worth $3,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $39,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $41,000. Rational Advisors LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $42,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $44,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAT. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. TD Cowen lifted their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $293.00 to $350.00 in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company lifted their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $316.88.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Caterpillar news, Director David Maclennan purchased 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders sold 35,769 shares of company stock valued at $11,508,906 over the last quarter. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $349.76 on Tuesday. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The stock has a market capitalization of $174.67 billion, a P/E ratio of 15.79, a PEG ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. The business’s fifty day moving average price is $350.66 and its 200 day moving average price is $301.75.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. As a group, research analysts anticipate that Caterpillar Inc. will post 21.44 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

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.