Caterpillar Inc. (NYSE:CAT) Stock Holdings Lifted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 13.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,389 shares of the industrial products company’s stock after acquiring an additional 276 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Caterpillar were worth $863,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Caterpillar by 39,534.0% in the third 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 during the period. Zurich Insurance Group Ltd FI boosted its position in Caterpillar by 4,018.6% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock worth $99,874,000 after acquiring an additional 249,155 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Caterpillar by 2.3% in the 3rd 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 during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of 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 in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Caterpillar by 106.2% during the third quarter. Assenagon Asset Management S.A. now owns 317,828 shares of the industrial products company’s stock valued at $124,309,000 after purchasing an additional 163,725 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,236 shares of company stock valued at $12,102,371 over the last three months. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley lowered their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday. Robert W. Baird raised their price target on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Bank of America lowered their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday. Finally, UBS Group lifted their target price on shares of Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $380.13.

Caterpillar Trading Down 0.8 %

Shares of NYSE:CAT opened at $371.88 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock’s 50-day moving average is $380.88 and its 200-day moving average is $371.07. The company has a market cap of $179.54 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.05 and a beta of 1.13. Caterpillar Inc. has a 52-week low of $299.93 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Equities research analysts predict that Caterpillar Inc. will post 21.71 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 26.15%.

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.