Total Investment Management Inc. Buys 51 Shares of Caterpillar Inc. (NYSE:CAT)

Total Investment Management Inc. boosted its position in Caterpillar Inc. (NYSE:CAT) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 2,175 shares of the industrial products company’s stock after acquiring an additional 51 shares during the period. Total Investment Management Inc.’s holdings in Caterpillar were worth $643,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the last quarter. Winslow Capital Management LLC lifted its position in Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the last quarter. FMR LLC boosted its stake in shares of Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Caterpillar by 5,293.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock worth $142,620,000 after purchasing an additional 473,416 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Caterpillar in the third quarter worth $101,872,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Caterpillar news, Director David Maclennan bought 350 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. TD Cowen increased their price target on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group raised their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $293.00 to $350.00 in a research report on Friday. Finally, Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $310.83.

Caterpillar Stock Up 1.6 %

Shares of Caterpillar stock opened at $343.38 on Friday. Caterpillar Inc. has a 1 year low of $204.04 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 0.87. The company has a 50-day moving average of $350.10 and a 200 day moving average of $300.99. The firm has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.53 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.44 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

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.