Caterpillar Inc. (NYSE:CAT) Shares Bought by Central Valley Advisors LLC

Central Valley Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 952 shares of the industrial products company’s stock after buying an additional 60 shares during the period. Central Valley Advisors LLC’s holdings in Caterpillar were worth $345,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in shares of Caterpillar in the second quarter valued at $36,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the 3rd quarter valued at about $36,000. Kimelman & Baird LLC increased its stake in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. HWG Holdings LP purchased a new position in shares of Caterpillar during the 2nd quarter worth about $54,000. Finally, SOA Wealth Advisors LLC. boosted its position in shares of Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,868 shares of company stock valued at $9,679,489 in the last quarter. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $380.85 on Friday. The business has a 50 day simple moving average of $380.24 and a 200-day simple moving average of $366.36. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The company has a market capitalization of $183.87 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33.

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

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.48%. Caterpillar’s dividend payout ratio (DPR) is 26.15%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CAT. Morgan Stanley lowered Caterpillar from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group increased their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Bank of America lifted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, Citigroup dropped their price objective on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $380.60.

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.