Headlands Technologies LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Headlands Technologies LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CATFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 327 shares of the industrial products company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC boosted its stake in shares of Caterpillar by 130,632.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 9,532,245 shares of the industrial products company’s stock worth $2,339,234,000 after acquiring an additional 156,608 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Caterpillar by 2.7% in the 2nd quarter. Fisher Asset Management LLC now owns 7,725,757 shares of the industrial products company’s stock valued at $1,900,922,000 after buying an additional 202,888 shares in the last quarter. Morgan Stanley lifted its stake in Caterpillar by 17.2% in the 4th quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock valued at $1,583,053,000 after buying an additional 969,222 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Caterpillar by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after buying an additional 92,360 shares in the last quarter. 69.20% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Up 1.4 %

Caterpillar stock opened at $321.64 on Tuesday. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $334.87. The stock’s fifty day simple moving average is $291.49 and its 200-day simple moving average is $274.16. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $163.75 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.53 and a beta of 1.15.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the prior year, the company earned $3.86 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 21.04 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, January 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.62%. Caterpillar’s payout ratio is currently 25.82%.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares in the company, valued at $20,197,792.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the completion of the transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,194 shares of company stock worth $13,000,471. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Tigress Financial raised their target price on shares of Caterpillar from $282.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. StockNews.com raised shares of Caterpillar from a “buy” rating to a “strong-buy” rating in a research note on Monday. Sanford C. Bernstein raised their target price on shares of Caterpillar from $216.00 to $245.00 and gave the stock a “market perform” rating in a research note on Thursday, December 21st. Finally, Morgan Stanley assumed coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $288.61.

Read Our Latest Analysis on CAT

Caterpillar Profile

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in the United States and internationally. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, tractors, excavators, telehandlers, motor graders, and pipelayers; compact track and multi-terrain, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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