Front Row Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 12.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 488 shares of the industrial products company’s stock after buying an additional 55 shares during the period. Front Row Advisors LLC’s holdings in Caterpillar were worth $85,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Demars Financial Group LLC bought a new stake in Caterpillar in the 2nd quarter valued at about $28,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in Caterpillar by 317.2% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 242 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 184 shares during the period. JJJ Advisors Inc. boosted its holdings in Caterpillar by 149.0% in the 3rd quarter. JJJ Advisors Inc. now owns 249 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 149 shares during the period. RMR Wealth Builders bought a new stake in Caterpillar in the 2nd quarter valued at about $44,000. Finally, Baron Financial Group LLC bought a new stake in Caterpillar in the 3rd quarter valued at about $52,000. 59.87% of the stock is owned by institutional investors and hedge funds.
CAT opened at $182.02 on Friday. Caterpillar Inc. has a fifty-two week low of $87.50 and a fifty-two week high of $183.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The firm has a market capitalization of $98.88 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.76 and a beta of 0.98. The company’s 50 day moving average price is $176.73 and its two-hundred day moving average price is $152.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 19th. Stockholders of record on Wednesday, January 20th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, January 19th. Caterpillar’s dividend payout ratio is currently 37.25%.
In other news, insider William P. Ainsworth sold 12,000 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $154.78, for a total value of $1,857,360.00. Following the sale, the insider now directly owns 76,501 shares of the company’s stock, valued at approximately $11,840,824.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Gary Michael Marvel sold 2,318 shares of the company’s stock in a transaction on Friday, December 4th. The shares were sold at an average price of $179.50, for a total transaction of $416,081.00. Following the completion of the sale, the chief accounting officer now directly owns 2,318 shares in the company, valued at $416,081. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,531 shares of company stock worth $6,619,389. Insiders own 0.31% of the company’s stock.
A number of analysts have issued reports on CAT shares. Citigroup boosted their price objective on shares of Caterpillar from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Wells Fargo & Company upgraded shares of Caterpillar from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $160.00 to $220.00 in a research report on Friday, October 16th. Royal Bank of Canada boosted their target price on shares of Caterpillar from $130.00 to $155.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 28th. Stifel Nicolaus boosted their target price on shares of Caterpillar from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. Finally, Sanford C. Bernstein started coverage on shares of Caterpillar in a research report on Tuesday, September 22nd. They issued a “market perform” rating for the company. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $154.84.
Caterpillar Company Profile
Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.
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