TCW Group Inc. Acquires New Holdings in Caterpillar Inc. (NYSE:CAT)

TCW Group Inc. acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 12,907 shares of the industrial products company’s stock, valued at approximately $3,831,000.

A number of other institutional investors also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Gilfoyle & Co LLC bought a new stake in Caterpillar during the fourth quarter worth about $30,000. Fortitude Family Office LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $39,000. Atlantic Edge Private Wealth Management LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $40,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth approximately $41,000. 70.98% of the stock is currently owned by institutional investors.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated 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 completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director David Maclennan purchased 500 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the purchase, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CAT shares. TD Cowen raised their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and lifted their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group boosted their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $323.35.

Caterpillar Stock Performance

Shares of Caterpillar stock traded down $1.80 during trading on Friday, reaching $348.90. The company’s stock had a trading volume of 2,635,223 shares, compared to its average volume of 2,421,341. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The business’s 50-day moving average price is $356.99 and its 200-day moving average price is $314.38. The firm has a market cap of $170.63 billion, a PE ratio of 15.75, a P/E/G ratio of 1.80 and a beta of 1.19.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Equities analysts forecast that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.49%. Caterpillar’s dividend payout ratio is currently 23.48%.

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.