Onefund LLC Has $477,000 Stake in Caterpillar Inc. (NYSE:CAT)

Onefund LLC grew its holdings in Caterpillar Inc. (NYSE:CAT) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,316 shares of the industrial products company’s stock after buying an additional 42 shares during the period. Onefund LLC’s holdings in Caterpillar were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CAT. Reston Wealth Management LLC acquired a new stake in shares of Caterpillar in the third quarter valued at approximately $123,000. ForthRight Wealth Management LLC bought a new position in shares of Caterpillar during the third quarter worth approximately $228,000. Pacific Wealth Strategies Group Inc. increased its stake in shares of Caterpillar by 2.2% during the third quarter. Pacific Wealth Strategies Group Inc. now owns 5,832 shares of the industrial products company’s stock worth $2,281,000 after purchasing an additional 123 shares during the period. Stephens Inc. AR increased its stake in shares of Caterpillar by 1.6% during the third quarter. Stephens Inc. AR now owns 91,532 shares of the industrial products company’s stock worth $35,800,000 after purchasing an additional 1,459 shares during the period. Finally, Penobscot Wealth Management bought a new position in shares of Caterpillar during the third quarter worth approximately $205,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $343.90 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a 50 day moving average price of $365.99 and a two-hundred day moving average price of $372.71. The firm has a market capitalization of $164.36 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 58.18% and a net margin of 16.65%. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.64%. Caterpillar’s payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CAT shares. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Evercore ISI lifted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Jefferies Financial Group lifted 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $383.80.

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.