Caterpillar Inc. (NYSE:CAT) Shares Acquired by Blue Edge Capital LLC


Share on StockTwits

Blue Edge Capital LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,569 shares of the industrial products company’s stock after purchasing an additional 197 shares during the quarter. Blue Edge Capital LLC’s holdings in Caterpillar were worth $2,470,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CAT. Ellsworth Advisors LLC raised its stake in Caterpillar by 12.9% during the fourth quarter. Ellsworth Advisors LLC now owns 8,714 shares of the industrial products company’s stock worth $1,586,000 after acquiring an additional 997 shares during the period. Diamond Hill Capital Management Inc. raised its stake in Caterpillar by 0.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,094,490 shares of the industrial products company’s stock worth $199,219,000 after acquiring an additional 9,192 shares during the period. MV Capital Management Inc. raised its stake in Caterpillar by 29.9% during the fourth quarter. MV Capital Management Inc. now owns 7,746 shares of the industrial products company’s stock worth $1,410,000 after acquiring an additional 1,783 shares during the period. Dowling & Yahnke LLC raised its stake in Caterpillar by 9.4% during the fourth quarter. Dowling & Yahnke LLC now owns 42,101 shares of the industrial products company’s stock worth $7,663,000 after acquiring an additional 3,619 shares during the period. Finally, Baxter Bros Inc. acquired a new stake in Caterpillar during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 67.48% of the company’s stock.

Shares of Caterpillar stock traded up $0.23 on Tuesday, hitting $218.29. The company had a trading volume of 134,174 shares, compared to its average volume of 3,237,768. The company has a market cap of $119.03 billion, a PE ratio of 36.44, a PEG ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a 52 week low of $87.50 and a 52 week high of $218.87. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.54 and a quick ratio of 1.08. The business has a 50-day simple moving average of $193.85 and a 200-day simple moving average of $168.96.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.63. The firm had revenue of $11.24 billion during the quarter, compared to analysts’ expectations of $11.24 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. The firm’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period last year, the firm posted $2.63 earnings per share. On average, equities research analysts predict that Caterpillar Inc. will post 5.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Wednesday, January 20th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Tuesday, January 19th. Caterpillar’s payout ratio is 37.25%.

Several research firms recently weighed in on CAT. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $178.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 19th. BMO Capital Markets upped their target price on shares of Caterpillar from $135.00 to $190.00 and gave the stock a “market perform” rating in a research report on Monday, February 1st. Robert W. Baird upped their target price on shares of Caterpillar to $220.00 in a research report on Wednesday, December 30th. OTR Global upgraded shares of Caterpillar to a “positive” rating in a research report on Monday, December 14th. Finally, Credit Suisse Group upped their target price on shares of Caterpillar from $228.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, February 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $172.80.

In related news, CAO Gary Michael Marvel sold 4,634 shares of the firm’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were sold at an average price of $173.26, for a total transaction of $802,886.84. Following the completion of the sale, the chief accounting officer now directly owns 4,634 shares in the company, valued at $802,886.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 10,970 shares of company stock valued at $1,985,442 over the last 90 days. 0.31% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, feller bunchers, harvesters, motorgraders, pipelayers, road reclaimers, skidders, telehandlers, and utility vehicles; backhoe, knuckleboom, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

Featured Article: How are institutional investors different from individual investors?

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.