Turtle Creek Wealth Advisors LLC Has $7.36 Million Position in Caterpillar Inc. (NYSE:CAT)

Turtle Creek Wealth Advisors LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,295 shares of the industrial products company’s stock after buying an additional 181 shares during the quarter. Caterpillar makes up 1.7% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 16th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Caterpillar were worth $7,362,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Country Trust Bank lifted its position in shares of Caterpillar by 8.2% during the fourth quarter. Country Trust Bank now owns 101,499 shares of the industrial products company’s stock worth $36,820,000 after purchasing an additional 7,719 shares in the last quarter. Institute for Wealth Management LLC. increased its holdings in shares of Caterpillar by 1.6% in the fourth quarter. Institute for Wealth Management LLC. now owns 5,028 shares of the industrial products company’s stock valued at $1,824,000 after purchasing an additional 78 shares in the last quarter. AA Financial Advisors LLC raised its position in Caterpillar by 4.0% in the 4th quarter. AA Financial Advisors LLC now owns 3,740 shares of the industrial products company’s stock worth $1,357,000 after purchasing an additional 144 shares during the last quarter. Evernest Financial Advisors LLC lifted its holdings in Caterpillar by 8.2% during the 4th quarter. Evernest Financial Advisors LLC now owns 4,034 shares of the industrial products company’s stock worth $1,463,000 after buying an additional 305 shares in the last quarter. Finally, Heritage Financial Services LLC increased its stake in shares of Caterpillar by 4.6% in the 4th quarter. Heritage Financial Services LLC now owns 951 shares of the industrial products company’s stock valued at $345,000 after buying an additional 42 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on CAT shares. UBS Group increased their price objective on shares of Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a report on Tuesday. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday. Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their price objective on Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $382.47.

Insider Activity at Caterpillar

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 17.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 12,657 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the sale, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,900 shares of company stock worth $13,111,601. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT opened at $375.98 on Friday. The firm’s fifty day moving average price is $381.68 and its two-hundred day moving average price is $370.78. Caterpillar Inc. has a 1 year low of $299.93 and a 1 year high of $418.50. The firm has a market capitalization of $181.52 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 2.05 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 (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. As a group, research analysts anticipate that Caterpillar Inc. will post 21.71 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is presently 26.15%.

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.