Caterpillar Inc. (NYSE:CAT) Shares Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 42.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,370 shares of the industrial products company’s stock after acquiring an additional 1,292 shares during the period. Fidelis Capital Partners LLC’s holdings in Caterpillar were worth $1,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waterway Wealth Management LLC purchased a new position in Caterpillar during the 4th quarter worth approximately $352,000. Farmers Trust Co. grew its stake in Caterpillar by 2.7% during the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock worth $1,328,000 after buying an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC grew its stake in Caterpillar by 19.4% during the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock worth $540,000 after buying an additional 296 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC grew its stake in Caterpillar by 7.8% during the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock worth $318,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday. TD Cowen lifted their target price on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Wells Fargo & Company lifted their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Citigroup lifted their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $307.56.

Caterpillar Price Performance

CAT stock traded down $0.39 during midday trading on Thursday, hitting $357.93. 1,919,696 shares of the stock were exchanged, compared to its average volume of 2,434,640. The stock’s 50-day moving average price is $345.24 and its 200-day moving average price is $296.78. The stock has a market cap of $178.75 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

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

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.45%. Caterpillar’s dividend payout ratio is presently 25.82%.

Caterpillar Company 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.