Y.D. More Investments Ltd Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Y.D. More Investments Ltd boosted its stake in Caterpillar Inc. (NYSE:CAT) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,089 shares of the industrial products company’s stock after acquiring an additional 211 shares during the quarter. Y.D. More Investments Ltd’s holdings in Caterpillar were worth $912,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Waterway Wealth Management LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at about $352,000. Farmers Trust Co. grew its position in shares of Caterpillar by 2.7% during the fourth 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 in the last quarter. Firethorn Wealth Partners LLC grew its position in shares of Caterpillar by 19.4% during the fourth 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 in the last quarter. Panagora Asset Management Inc. grew its position in shares of Caterpillar by 16.7% during the third 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 in the last quarter. Finally, Rise Advisors LLC grew its position in shares of Caterpillar by 7.8% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In related 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 sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 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. Insiders have sold a total of 35,769 shares of company stock valued at $11,508,906 in the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT traded down $3.50 during trading hours on Wednesday, reaching $331.07. 3,514,709 shares of the company’s stock traded hands, compared to its average volume of 2,525,834. The business’s fifty day simple moving average is $351.08 and its two-hundred day simple moving average is $302.22. The firm has a market capitalization of $165.34 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.51 and a beta of 1.17. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS 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 analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Analysts predict that Caterpillar Inc. will post 21.57 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared 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 1.57%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAT. Robert W. Baird boosted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. HSBC lifted their target price on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com cut shares of 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, ten have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average target price of $323.35.

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.