Trinity Legacy Partners LLC Purchases 560 Shares of Caterpillar Inc. (NYSE:CAT)

Trinity Legacy Partners LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,999 shares of the industrial products company’s stock after acquiring an additional 560 shares during the quarter. Caterpillar accounts for 1.7% of Trinity Legacy Partners LLC’s portfolio, making the stock its 18th biggest holding. Trinity Legacy Partners LLC’s holdings in Caterpillar were worth $6,529,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Goldstone Financial Group LLC bought a new position in Caterpillar in the 3rd quarter worth $619,000. Courier Capital LLC increased its position in Caterpillar by 1.1% in the third quarter. Courier Capital LLC now owns 5,102 shares of the industrial products company’s stock worth $1,996,000 after buying an additional 55 shares in the last quarter. McAdam LLC raised its stake in shares of Caterpillar by 27.8% in the third quarter. McAdam LLC now owns 856 shares of the industrial products company’s stock worth $335,000 after buying an additional 186 shares during the period. Heartland Bank & Trust Co purchased a new position in shares of Caterpillar during the 3rd quarter valued at about $1,074,000. Finally, International Assets Investment Management LLC grew its stake in shares of Caterpillar by 39,534.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after acquiring an additional 2,131,276 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,704 shares of company stock valued at $7,226,584. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CAT shares. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Robert W. Baird boosted their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Evercore ISI lifted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Down 1.2 %

Shares of NYSE:CAT opened at $348.84 on Friday. 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 business’s 50 day moving average is $370.18 and its 200 day moving average is $372.40. The stock has a market cap of $166.72 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.62%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.