Burling Wealth Partners LLC Buys Shares of 970 Caterpillar Inc. (NYSE:CAT)

Burling Wealth Partners LLC purchased a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 970 shares of the industrial products company’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Capital Research Global Investors grew its stake in Caterpillar by 69.3% in the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company’s stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. bought a new position in Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC lifted its position in shares of Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after buying an additional 803,166 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Caterpillar by 1,278.6% in the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after buying an additional 408,678 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Stock Up 3.8 %

Shares of CAT opened at $306.89 on Friday. The stock’s 50-day moving average price is $322.40 and its 200-day moving average price is $361.21. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $146.67 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup decreased their target price on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Wedbush raised Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Bank of America lowered their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, Evercore ISI lifted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $359.36.

Caterpillar Company 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.