Certuity LLC Buys 2,211 Shares of Caterpillar Inc. (NYSE:CAT)

Certuity LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 105.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,300 shares of the industrial products company’s stock after purchasing an additional 2,211 shares during the period. Certuity LLC’s holdings in Caterpillar were worth $1,271,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CAT. Northern Trust Corp grew its position in Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley boosted its holdings in Caterpillar by 0.7% during the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after purchasing an additional 47,258 shares in the last quarter. FMR LLC boosted its holdings in Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Caterpillar by 28,603.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Caterpillar by 5.4% during the third quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock valued at $382,168,000 after purchasing an additional 71,344 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,769 shares of company stock worth $11,508,906. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of several recent analyst reports. Citigroup boosted their target price on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Stifel Nicolaus cut shares of Caterpillar from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $293.00 to $350.00 in a research report on Friday. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. TD Cowen upped their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research report on Friday. Finally, Robert W. Baird upped their target price on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $323.35.

Caterpillar Price Performance

Caterpillar stock traded down $15.08 during mid-day trading on Tuesday, reaching $334.72. 2,179,615 shares of the company’s stock traded hands, compared to its average volume of 2,488,522. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01. The company has a market cap of $167.16 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.52 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. The stock has a 50 day moving average of $350.66 and a two-hundred day moving average of $301.75.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. Equities analysts forecast that Caterpillar Inc. will post 21.44 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.55%. Caterpillar’s payout ratio is 23.48%.

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.