Caterpillar Inc. (NYSE:CAT) Shares Acquired by Diversified Trust Co

Diversified Trust Co raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,627 shares of the industrial products company’s stock after acquiring an additional 141 shares during the period. Diversified Trust Co’s holdings in Caterpillar were worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock worth $8,356,930,000 after buying an additional 2,131,276 shares in the last quarter. Altshuler Shaham Ltd boosted its position in Caterpillar by 3,319.7% during the 2nd quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company’s stock worth $91,606,000 after acquiring an additional 266,969 shares during the period. Zurich Insurance Group Ltd FI increased its holdings in shares of Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after purchasing an additional 249,155 shares during the period. Fisher Asset Management LLC raised its stake in shares of Caterpillar by 2.3% during the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after purchasing an additional 205,012 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Caterpillar by 34.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock worth $305,908,000 after purchasing an additional 200,210 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.3 %

NYSE:CAT opened at $363.24 on Wednesday. The business’s fifty day moving average price is $383.41 and its 200 day moving average price is $365.06. The firm has a market capitalization of $175.37 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 1.92 and a beta of 1.13. 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 Inc. has a 1-year low of $276.94 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last issued 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 net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 EPS. Caterpillar’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The stock was acquired at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Evercore ISI downgraded Caterpillar from an “in-line” rating to an “underperform” rating and upped their target price for the stock from $321.00 to $365.00 in a research report on Wednesday, November 13th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $349.00 to $332.00 in a research report on Monday, October 14th. Robert W. Baird raised their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $384.33.

Caterpillar Company 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.