Insight Wealth Strategies LLC Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Insight Wealth Strategies LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,412 shares of the industrial products company’s stock after purchasing an additional 163 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Caterpillar were worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWA Asset Management Group LLC lifted its stake in Caterpillar by 10.2% during the 4th quarter. CWA Asset Management Group LLC now owns 12,030 shares of the industrial products company’s stock valued at $4,364,000 after acquiring an additional 1,115 shares during the period. Nordea Investment Management AB boosted its holdings in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares during the last quarter. Modus Advisors LLC grew its position in Caterpillar by 0.7% in the 4th quarter. Modus Advisors LLC now owns 12,136 shares of the industrial products company’s stock worth $4,402,000 after purchasing an additional 79 shares during the period. GAMMA Investing LLC raised its stake in Caterpillar by 7.3% during the 4th quarter. GAMMA Investing LLC now owns 8,566 shares of the industrial products company’s stock valued at $3,107,000 after buying an additional 586 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Caterpillar by 40.1% in the 4th quarter. Versant Capital Management Inc now owns 1,156 shares of the industrial products company’s stock worth $419,000 after buying an additional 331 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CAT shares. StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup upped their price objective on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $349.00 to $332.00 in a report on Monday, October 14th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus price target of $384.33.

Insider Activity

In other news, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Down 0.0 %

NYSE CAT traded down $0.18 during trading hours on Monday, hitting $363.61. 904,517 shares of the company were exchanged, compared to its average volume of 1,349,910. Caterpillar Inc. has a 52 week low of $276.94 and a 52 week high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $384.44 and a 200 day moving average price of $364.57. The stock has a market cap of $175.55 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.52 EPS. Analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.55%. Caterpillar’s payout ratio is 26.15%.

Caterpillar 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.