Caterpillar Inc. (NYSE:CAT) Shares Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp boosted its position in Caterpillar Inc. (NYSE:CAT) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,057 shares of the industrial products company’s stock after purchasing an additional 65 shares during the quarter. SYM FINANCIAL Corp’s holdings in Caterpillar were worth $313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilfoyle & Co LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar in the 3rd quarter worth about $41,000. DiNuzzo Private Wealth Inc. acquired a new stake in Caterpillar during the 4th quarter worth about $41,000. Finally, Rational Advisors LLC acquired a new position in shares of Caterpillar in the third quarter worth about $42,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. 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. Morgan Stanley began coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Finally, StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.35.

Caterpillar Stock Performance

CAT traded up $1.31 on Friday, hitting $336.75. The company had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year 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. The company’s fifty day moving average price is $351.89 and its 200 day moving average price is $303.33. The stock has a market cap of $164.69 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Equities analysts predict that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.54%. Caterpillar’s payout ratio is presently 23.48%.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred 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 transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Maclennan acquired 350 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

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.