1,397 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,397 shares of the industrial products company’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC purchased a new position in shares of Caterpillar during the 4th quarter worth $39,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Caterpillar in the third quarter valued at about $41,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $41,000. Finally, Rational Advisors LLC purchased a new position in shares of Caterpillar during the 3rd quarter worth $42,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

CAT traded up $4.94 during trading on Tuesday, reaching $347.04. The stock had a trading volume of 317,790 shares, compared to its average volume of 2,483,098. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The firm has a market capitalization of $169.72 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The stock has a 50 day moving average of $352.22 and a two-hundred day moving average of $304.27. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

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, topping analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is currently 23.48%.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought 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 in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CAT shares. Citigroup boosted their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. TD Cowen raised their price target on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $323.35.

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.