Oak Harvest Investment Services Purchases 115 Shares of Caterpillar Inc. (NYSE:CAT)

Oak Harvest Investment Services raised its holdings in Caterpillar Inc. (NYSE:CAT) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,355 shares of the industrial products company’s stock after acquiring an additional 115 shares during the quarter. Oak Harvest Investment Services’ holdings in Caterpillar were worth $1,580,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the 3rd quarter valued at approximately $36,000. Albion Financial Group UT boosted its position in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now directly owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 32,900 shares of company stock worth $13,111,601 in the last quarter. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

CAT opened at $375.98 on Friday. Caterpillar Inc. has a 52-week low of $299.93 and a 52-week high of $418.50. The firm has a market capitalization of $181.52 billion, a PE ratio of 17.43, a PEG ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The business’s 50-day simple moving average is $381.68 and its 200 day simple moving average is $370.78.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. As a group, sell-side analysts expect that Caterpillar Inc. will post 21.71 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAT shares. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group increased their target price on Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Evercore ISI upgraded shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research report on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $384.60.

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.