Investors Asset Management of Georgia Inc. GA ADV Sells 366 Shares of Caterpillar Inc. (CAT)

Investors Asset Management of Georgia Inc. GA ADV decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,304 shares of the industrial products company’s stock after selling 366 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Caterpillar were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CAT. Beach Investment Management LLC. purchased a new position in shares of Caterpillar during the 2nd quarter valued at $231,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Caterpillar by 9.8% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,071 shares of the industrial products company’s stock valued at $5,995,000 after buying an additional 4,291 shares in the last quarter. Wealthsource Partners LLC purchased a new position in shares of Caterpillar during the 2nd quarter valued at $316,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Caterpillar by 18.5% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,100 shares of the industrial products company’s stock valued at $18,979,000 after buying an additional 23,749 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Caterpillar by 11.7% during the 2nd quarter. FMR LLC now owns 19,613,661 shares of the industrial products company’s stock valued at $2,107,684,000 after buying an additional 2,052,300 shares in the last quarter. 68.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Caterpillar Inc. (NYSE CAT) traded up $3.10 during mid-day trading on Thursday, reaching $168.97. 1,998,998 shares of the company’s stock traded hands, compared to its average volume of 4,060,000. The stock has a market cap of $100,670.00, a PE ratio of 117.34, a P/E/G ratio of 2.01 and a beta of 1.29. Caterpillar Inc. has a 1-year low of $90.34 and a 1-year high of $169.53. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.27 by $0.68. The business had revenue of $11.41 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. research analysts forecast that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, January 19th. Caterpillar’s payout ratio is currently 216.67%.

CAT has been the topic of a number of analyst reports. Vetr cut shares of Caterpillar from a “hold” rating to a “sell” rating and set a $122.98 target price on the stock. in a research note on Monday, October 9th. Credit Suisse Group restated an “outperform” rating and set a $146.00 target price (up previously from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. BMO Capital Markets lifted their target price on shares of Caterpillar from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. UBS Group set a $155.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Bank of America set a $152.00 target price on shares of Caterpillar and gave the company a “buy” rating in a research note 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 company. Caterpillar presently has an average rating of “Hold” and an average target price of $145.87.

In other news, CFO Bradley M. Halverson sold 17,210 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the sale, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,989 shares of company stock worth $7,235,850. Corporate insiders own 0.14% of the company’s stock.

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Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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