Caterpillar Inc. (NYSE:CAT) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,123 shares of the industrial products company’s stock after buying an additional 431 shares during the quarter. Simon Quick Advisors LLC’s holdings in Caterpillar were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Public Sector Pension Investment Board lifted its position in shares of Caterpillar by 52.5% during the second quarter. Public Sector Pension Investment Board now owns 17,448 shares of the industrial products company’s stock worth $5,812,000 after purchasing an additional 6,008 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Caterpillar by 17.6% during the second quarter. Evergreen Capital Management LLC now owns 3,923 shares of the industrial products company’s stock valued at $1,307,000 after buying an additional 588 shares in the last quarter. Trinity Legacy Partners LLC lifted its holdings in Caterpillar by 0.8% during the 2nd quarter. Trinity Legacy Partners LLC now owns 17,562 shares of the industrial products company’s stock worth $5,850,000 after buying an additional 134 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Caterpillar by 21.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 215 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Caterpillar by 39.1% during the 2nd quarter. AQR Capital Management LLC now owns 255,605 shares of the industrial products company’s stock valued at $84,976,000 after acquiring an additional 71,788 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CAT shares. Robert W. Baird boosted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Citigroup dropped their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. UBS Group raised their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Bank of America increased their price target on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $380.60.

Caterpillar Stock Down 0.2 %

Caterpillar stock opened at $397.68 on Thursday. The company’s 50-day moving average price is $379.99 and its two-hundred day moving average price is $368.17. The stock has a market cap of $192.00 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 1.91 and a beta of 1.13. Caterpillar Inc. has a 52 week low of $287.52 and a 52 week high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

Caterpillar (NYSE:CAT) last released its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company earned $5.52 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts expect that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is currently 26.15%.

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.