W.H. Cornerstone Investments Inc. Buys Shares of 1,262 Caterpillar Inc. (NYSE:CAT)

W.H. Cornerstone Investments Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,262 shares of the industrial products company’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Creative Planning boosted its stake in shares of Caterpillar by 1.7% during the 3rd quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock worth $89,142,000 after acquiring an additional 3,772 shares in the last quarter. ERn Financial LLC bought a new stake in shares of Caterpillar during the 3rd quarter worth about $220,000. AAFMAA Wealth Management & Trust LLC boosted its stake in shares of Caterpillar by 1.6% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 7,308 shares of the industrial products company’s stock worth $2,858,000 after acquiring an additional 116 shares in the last quarter. Bfsg LLC boosted its stake in shares of Caterpillar by 15.3% during the 3rd quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 42 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Caterpillar by 3.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company’s stock worth $1,527,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Robert W. Baird upped 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. Morgan Stanley cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus target price of $383.13.

Caterpillar Trading Up 0.5 %

Shares of CAT opened at $353.97 on Friday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a 50 day simple moving average of $374.12 and a 200-day simple moving average of $371.81. The stock has a market cap of $170.90 billion, a PE ratio of 16.04, a PEG ratio of 1.94 and a beta of 1.12.

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, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts predict that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business 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 1.59%. Caterpillar’s payout ratio is presently 25.56%.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by insiders.

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.