Choreo LLC Has $3.66 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Choreo LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,390 shares of the industrial products company’s stock after acquiring an additional 1,924 shares during the quarter. Choreo LLC’s holdings in Caterpillar were worth $3,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Accurate Wealth Management LLC raised its holdings in shares of Caterpillar by 15.1% during the third quarter. Accurate Wealth Management LLC now owns 5,174 shares of the industrial products company’s stock worth $1,410,000 after acquiring an additional 678 shares in the last quarter. Vicus Capital purchased a new stake in shares of Caterpillar during the third quarter worth $210,000. Callahan Advisors LLC raised its holdings in shares of Caterpillar by 1.8% during the third quarter. Callahan Advisors LLC now owns 65,283 shares of the industrial products company’s stock worth $17,822,000 after acquiring an additional 1,126 shares in the last quarter. Aua Capital Management LLC raised its holdings in shares of Caterpillar by 25.4% during the third quarter. Aua Capital Management LLC now owns 1,170 shares of the industrial products company’s stock worth $319,000 after acquiring an additional 237 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of Caterpillar by 5.0% during the third quarter. Xponance Inc. now owns 102,800 shares of the industrial products company’s stock worth $28,064,000 after acquiring an additional 4,892 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 Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold a total of 35,769 shares of company stock valued at $11,508,906 over the last three months. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Up 1.9 %

Caterpillar stock opened at $349.76 on Tuesday. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01. The firm has a market capitalization of $174.67 billion, a PE ratio of 15.79, a PEG ratio of 1.52 and a beta of 1.17. The business’s 50-day simple moving average is $350.66 and its 200-day simple moving average is $301.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Equities research analysts forecast that Caterpillar Inc. will post 21.44 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Analyst Ratings Changes

CAT has been the subject of several recent research reports. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and increased their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Robert W. Baird raised their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and raised their target price for the company from $293.00 to $350.00 in a report on Friday. The Goldman Sachs Group raised their target price on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $316.88.

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.