Gould Asset Management LLC CA Has $441,000 Position in Caterpillar Inc. (NYSE:CAT)

Gould Asset Management LLC CA increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,490 shares of the industrial products company’s stock after acquiring an additional 260 shares during the period. Gould Asset Management LLC CA’s holdings in Caterpillar were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Gilfoyle & Co LLC acquired a new position in Caterpillar in the fourth quarter valued at about $30,000. Fortitude Family Office LLC acquired a new position in Caterpillar in the fourth quarter valued at about $39,000. Authentikos Wealth Advisory LLC acquired a new position in Caterpillar in the third quarter valued at about $41,000. Rational Advisors LLC acquired a new position in Caterpillar in the third quarter valued at about $42,000. Finally, Milestone Investment Advisors LLC acquired a new position in Caterpillar in the third quarter valued at about $44,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research reports. Citigroup upped their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. 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 target for the company. Finally, TD Cowen boosted their price target on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and an average price target of $307.56.

Caterpillar Stock Down 7.0 %

Shares of Caterpillar stock traded down $25.28 on Thursday, hitting $338.24. The company had a trading volume of 6,457,682 shares, compared to its average volume of 2,486,411. The firm has a market capitalization of $168.92 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.62 and a beta of 1.17. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The stock has a 50-day moving average of $349.67 and a 200-day moving average of $300.30.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the prior year, the company posted $3.86 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 21.32 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced 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. This represents a $5.20 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

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.