Country Club Trust Company n.a. increased its holdings in Caterpillar Inc. (NYSE:CAT) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,292 shares of the industrial products company’s stock after purchasing an additional 557 shares during the period. Country Club Trust Company n.a.’s holdings in Caterpillar were worth $834,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Caterpillar by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 41,225,175 shares of the industrial products company’s stock worth $4,430,058,000 after acquiring an additional 2,377,623 shares in the last quarter. FMR LLC raised its holdings in shares of Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock worth $2,107,684,000 after acquiring an additional 2,052,300 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Caterpillar by 10.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,058,115 shares of the industrial products company’s stock worth $328,625,000 after acquiring an additional 301,739 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Caterpillar by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 2,955,916 shares of the industrial products company’s stock worth $368,648,000 after acquiring an additional 11,745 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Caterpillar by 140.9% during the 3rd quarter. Jennison Associates LLC now owns 2,627,319 shares of the industrial products company’s stock worth $327,653,000 after acquiring an additional 1,536,470 shares in the last quarter. 68.54% of the stock is currently owned by institutional investors.
CAT has been the topic of several recent research reports. ValuEngine raised Caterpillar from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Vetr cut Caterpillar from a “sell” rating to a “strong sell” rating and set a $139.26 price objective on the stock. in a report on Wednesday, December 27th. Credit Suisse Group reaffirmed a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a report on Friday, September 22nd. Goldman Sachs Group upped their price objective on Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, Zacks Investment Research raised Caterpillar from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $147.72.
Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $10.69 billion. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. Caterpillar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. equities research analysts expect that Caterpillar Inc. will post 6.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio (DPR) is presently 216.67%.
In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the transaction, the chief financial officer now owns 7,814 shares of the company’s stock, valued at approximately $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total value of $3,330,782.43. The disclosure for this sale can be found here. Insiders sold a total of 52,989 shares of company stock worth $7,235,850 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.
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