Rossby Financial LCC Makes New $429,000 Investment in Caterpillar Inc. (NYSE:CAT)

Rossby Financial LCC purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,183 shares of the industrial products company’s stock, valued at approximately $429,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after buying an additional 5,371 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after buying an additional 50 shares during the period. Tudor Financial Inc. bought a new position in shares of Caterpillar during the third quarter valued at about $854,000. Anchor Investment Management LLC increased its holdings in shares of Caterpillar by 2.9% in the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company’s stock worth $5,208,000 after buying an additional 376 shares during the period. Finally, World Investment Advisors LLC lifted its stake in shares of Caterpillar by 26.6% in the 3rd quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company’s stock valued at $1,569,000 after acquiring an additional 843 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.6 %

NYSE:CAT opened at $298.07 on Tuesday. The firm has a market capitalization of $142.46 billion, a P/E ratio of 13.51, a PEG ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company’s 50-day simple moving average is $332.75 and its 200 day simple moving average is $366.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s payout ratio is 25.56%.

Analyst Ratings Changes

A number of brokerages have commented on CAT. Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. DA Davidson boosted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $365.87.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

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.