TRUE Private Wealth Advisors Purchases New Stake in Caterpillar Inc. (CAT)

TRUE Private Wealth Advisors bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,257 shares of the industrial products company’s stock, valued at approximately $355,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Caterpillar by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock valued at $4,430,058,000 after buying an additional 2,377,623 shares in the last quarter. FMR LLC lifted its holdings in Caterpillar by 11.7% in the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after purchasing an additional 2,052,300 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Caterpillar by 10.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock worth $328,625,000 after purchasing an additional 301,739 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Caterpillar by 0.4% during the third quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock worth $368,648,000 after buying an additional 11,745 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Caterpillar by 140.9% during the third quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after buying an additional 1,536,470 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.

In related news, CFO Bradley M. Halverson sold 17,210 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the transaction, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total value of $15,526,004.91. Following the completion of the transaction, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,331 shares of company stock worth $22,107,578. 0.14% of the stock is owned by company insiders.

Shares of Caterpillar Inc. (NYSE CAT) traded up $3.22 during mid-day trading on Friday, hitting $149.21. The stock had a trading volume of 9,452,458 shares, compared to its average volume of 6,820,000. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $88,770.00, a PE ratio of 118.42, a PEG ratio of 1.60 and a beta of 1.22. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 25th. The industrial products company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.77 by $0.39. The company had revenue of $12.90 billion for the quarter, compared to analysts’ expectations of $12.01 billion. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. equities research analysts forecast that Caterpillar Inc. will post 9.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.09%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is 247.62%.

CAT has been the subject of a number of research analyst reports. Barclays set a $180.00 price target on Caterpillar and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Bank of America upped their price target on Caterpillar from $189.00 to $192.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Credit Suisse Group reiterated an “outperform” rating and set a $146.00 price target (up from $133.00) on shares of Caterpillar in a report on Wednesday, October 18th. Wells Fargo & Co upped their target price on Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Vetr upgraded Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 target price for the company in a research note on Monday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Caterpillar has an average rating of “Buy” and a consensus price target of $167.80.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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