Pure Financial Advisors Inc. boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 62.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,291 shares of the industrial products company’s stock after acquiring an additional 1,271 shares during the quarter. Pure Financial Advisors Inc.’s holdings in Caterpillar were worth $519,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in shares of Caterpillar by 10.6% in the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after buying an additional 128 shares in the last quarter. Baker Ellis Asset Management LLC purchased a new position in shares of Caterpillar in the second quarter valued at $104,000. Motco increased its position in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after buying an additional 718 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Caterpillar by 900.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after buying an additional 900 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Caterpillar by 75.6% in the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after buying an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 68.54% of the company’s stock.
Shares of Caterpillar Inc. (NYSE CAT) opened at $165.87 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. The company has a market capitalization of $98,680.00, a price-to-earnings ratio of 115.19, a P/E/G ratio of 2.01 and a beta of 1.29. Caterpillar Inc. has a 52 week low of $90.34 and a 52 week high of $167.52.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is currently 216.67%.
In other Caterpillar news, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $135.69, for a total value of $3,330,782.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the sale, the insider now directly owns 5,214 shares in the company, valued at $717,811.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.
CAT has been the subject of a number of research analyst reports. Vetr cut Caterpillar from a “hold” rating to a “sell” rating and set a $122.98 price target for the company. in a research report on Monday, October 9th. Credit Suisse Group restated an “outperform” rating and issued a $146.00 price target (up previously from $133.00) on shares of Caterpillar in a research report on Wednesday, October 18th. BMO Capital Markets raised their price target on Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. UBS Group set a $155.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, Bank of America set a $152.00 price target on Caterpillar and gave the company a “buy” rating in a research report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $145.87.
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Caterpillar Company Profile
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