Rational Advisors Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 67.6% in the fourth quarter, HoldingsChannel reports. The fund owned 1,881 shares of the industrial products company’s stock after buying an additional 759 shares during the quarter. Rational Advisors Inc.’s holdings in Caterpillar were worth $1,078,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Plancorp LLC boosted its position in Caterpillar by 0.5% during the 4th quarter. Plancorp LLC now owns 2,777 shares of the industrial products company’s stock worth $1,591,000 after acquiring an additional 15 shares during the period. BlueStem Wealth Partners LLC boosted its position in Caterpillar by 1.3% during the 4th quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company’s stock worth $683,000 after acquiring an additional 15 shares during the period. KDT Advisors LLC boosted its position in Caterpillar by 2.3% during the 4th quarter. KDT Advisors LLC now owns 657 shares of the industrial products company’s stock worth $376,000 after acquiring an additional 15 shares during the period. CFO4Life Group LLC boosted its position in Caterpillar by 2.5% during the 4th quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company’s stock worth $359,000 after acquiring an additional 15 shares during the period. Finally, Sandy Cove Advisors LLC boosted its position in Caterpillar by 1.2% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,279 shares of the industrial products company’s stock worth $733,000 after acquiring an additional 15 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar Stock Up 5.2%
Shares of CAT stock opened at $910.03 on Wednesday. The stock’s 50 day simple moving average is $814.65 and its 200 day simple moving average is $705.34. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a twelve month low of $344.92 and a twelve month high of $931.35. The company has a market capitalization of $419.15 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 1.71 and a beta of 1.59.
Caterpillar Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.
Analysts Set New Price Targets
CAT has been the subject of a number of recent research reports. Williams Trading set a $825.00 price target on Caterpillar in a research note on Tuesday, March 10th. Daiwa Securities Group raised their price target on Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Oppenheimer set a $980.00 price target on Caterpillar and gave the stock an “outperform” rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price target on Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Bank of America raised their price target on Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $933.27.
Get Our Latest Stock Report on CAT
Insiders Place Their Bets
In related news, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the transaction, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,273 shares of company stock worth $89,439,960 in the last three months. 0.33% of the stock is owned by insiders.
Caterpillar Company Profile
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
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