Ifrah Financial Services Inc. Has $266,000 Stake in Caterpillar Inc. (NYSE:CAT)

Ifrah Financial Services Inc. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899 shares of the industrial products company’s stock after selling 69 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Caterpillar were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC increased its holdings in Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares in the last quarter. Winslow Capital Management LLC raised its position in Caterpillar by 2,265.3% in the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after purchasing an additional 1,070,570 shares during the last quarter. FMR LLC lifted its holdings in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after buying an additional 781,111 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in Caterpillar by 5,293.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after buying an additional 473,416 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at $101,872,000. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CAT. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. TD Cowen upped their price target on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, HSBC increased their target price on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $323.35.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction 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 $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The stock was 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 of the company’s stock, valued at $1,693,812.06. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT traded up $1.31 during trading on Friday, reaching $336.75. The company’s stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. The firm has a 50 day moving average price of $351.89 and a 200 day moving average price of $303.11. The firm has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

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

Caterpillar Dividend Announcement

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

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.