Kornitzer Capital Management Inc. KS Has $287,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Kornitzer Capital Management Inc. KS lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 972 shares of the industrial products company’s stock after purchasing an additional 85 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Caterpillar were worth $287,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Lodestar Private Asset Management LLC increased its stake in shares of Caterpillar by 4.4% during the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 35 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of Caterpillar by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 35 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in shares of Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 36 shares during the last quarter. ACT Wealth Management LLC increased its stake in shares of Caterpillar by 4.3% during the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 36 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Caterpillar by 2.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock worth $560,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE:CAT opened at $354.66 on Monday. The company has a 50-day moving average of $346.70 and a 200-day moving average of $298.22. The company has a market capitalization of $177.12 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.57 and a beta of 1.17. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $3.86 EPS. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current fiscal 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 dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

Analyst Ratings Changes

Several analysts recently issued reports on CAT shares. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price objective for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Wells Fargo & Company upped their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. Morgan Stanley started coverage on shares of Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. Citigroup upped their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, Robert W. Baird upped their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $307.56.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares in the company, valued at approximately $20,197,792.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 in the last quarter. 0.33% of the stock is owned by corporate 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.