CIBC Private Wealth Group LLC Acquires 1,521 Shares of Caterpillar Inc. (NYSE:CAT)

CIBC Private Wealth Group LLC increased its position in Caterpillar Inc. (NYSE:CATFree Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,077 shares of the industrial products company’s stock after acquiring an additional 1,521 shares during the period. CIBC Private Wealth Group LLC’s holdings in Caterpillar were worth $13,328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Partnership Wealth Management LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at about $26,000. Gilfoyle & Co LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at about $30,000. Fortitude Family Office LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth about $39,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth about $40,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Caterpillar in the fourth quarter worth about $41,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of CAT opened at $329.45 on Thursday. The business’s 50-day moving average is $353.74 and its two-hundred day moving average is $320.18. The company has a market capitalization of $161.12 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.68 and a beta of 1.14. 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 Inc. has a fifty-two week low of $221.45 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CATGet Free Report) last posted its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating 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 firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Research analysts predict that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, April 22nd were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

Insider Activity

In related news, insider Cheryl H. Johnson sold 1,508 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $340.00, for a total value of $512,720.00. Following the transaction, the insider now directly owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Lange Bob De sold 21,847 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 1,508 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $340.00, for a total transaction of $512,720.00. Following the completion of the transaction, the insider now directly owns 20,023 shares in the company, valued at $6,807,820. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CAT shares. Citigroup boosted their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price objective for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. TD Cowen boosted their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. 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 stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average target price of $323.35.

View Our Latest Research Report on Caterpillar

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 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.

Featured Articles

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.