Guyasuta Investment Advisors Inc. Acquires 1,731 Shares of Caterpillar Inc. (NYSE:CAT)

Guyasuta Investment Advisors Inc. grew its stake in Caterpillar Inc. (NYSE:CAT) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,178 shares of the industrial products company’s stock after purchasing an additional 1,731 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Caterpillar were worth $5,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Creative Planning raised its stake in shares of Caterpillar by 1.7% in the third quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock valued at $89,142,000 after acquiring an additional 3,772 shares during the last quarter. Bfsg LLC boosted its stake in Caterpillar by 15.3% in the third quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 42 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Caterpillar by 3.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after purchasing an additional 126 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Caterpillar by 1.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,224 shares of the industrial products company’s stock worth $7,519,000 after acquiring an additional 281 shares during the last quarter. Finally, Teamwork Financial Advisors LLC increased its holdings in shares of Caterpillar by 5.5% in the third quarter. Teamwork Financial Advisors LLC now owns 40,346 shares of the industrial products company’s stock valued at $15,780,000 after purchasing an additional 2,087 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $353.31 on Friday. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The stock has a market capitalization of $170.58 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The business has a 50-day moving average of $373.30 and a 200-day moving average of $371.69.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, sell-side analysts predict that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar’s payout ratio is 25.56%.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAT. Citigroup upped their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $383.13.

About Caterpillar

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.