Caterpillar Inc. (NYSE:CAT) Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,014 shares of the industrial products company’s stock after purchasing an additional 248 shares during the quarter. IPG Investment Advisors LLC’s holdings in Caterpillar were worth $1,096,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CAT. Moneta Group Investment Advisors LLC raised its position in shares of Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Caterpillar by 1.7% in the second quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock worth $2,339,234,000 after purchasing an additional 156,608 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Caterpillar by 2.7% during the second quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the industrial products company’s stock valued at $1,900,922,000 after buying an additional 202,888 shares in the last quarter. Morgan Stanley boosted its stake in Caterpillar by 17.2% during the fourth quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock valued at $1,583,053,000 after buying an additional 969,222 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Caterpillar by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after buying an additional 92,360 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Robert W. Baird lifted their price target on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Wells Fargo & Company boosted their price objective on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Tigress Financial boosted their price target on Caterpillar from $282.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Morgan Stanley started coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $284.72.

View Our Latest Analysis on CAT

Caterpillar Trading Up 1.8 %

Shares of Caterpillar stock traded up $5.83 during trading hours on Monday, hitting $322.99. The company’s stock had a trading volume of 1,246,538 shares, compared to its average volume of 2,817,253. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $334.87. The stock has a 50 day moving average of $290.15 and a 200 day moving average of $273.71. The company has a market capitalization of $164.43 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CATGet Free Report) last announced its quarterly earnings results 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. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same period in the prior year, the company earned $3.86 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 21.04 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, January 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, January 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.61%. Caterpillar’s dividend payout ratio is currently 25.82%.

Insider Transactions at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction 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 Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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 link. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders sold 41,194 shares of company stock valued at $13,000,471 over the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Profile

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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