TD Asset Management Inc Acquires 317,988 Shares of Caterpillar Inc. $CAT

TD Asset Management Inc grew its position in Caterpillar Inc. (NYSE:CAT) by 137.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 549,364 shares of the industrial products company’s stock after purchasing an additional 317,988 shares during the quarter. TD Asset Management Inc’s holdings in Caterpillar were worth $314,714,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC grew its position in shares of Caterpillar by 72.6% in the fourth quarter. Sivia Capital Partners LLC now owns 1,723 shares of the industrial products company’s stock valued at $987,000 after purchasing an additional 725 shares during the last quarter. Disciplined Investors L.L.C. grew its position in shares of Caterpillar by 112.2% in the fourth quarter. Disciplined Investors L.L.C. now owns 3,570 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 1,888 shares during the last quarter. Chico Wealth RIA grew its position in shares of Caterpillar by 2.3% in the fourth quarter. Chico Wealth RIA now owns 1,153 shares of the industrial products company’s stock valued at $660,000 after purchasing an additional 26 shares during the last quarter. Archvest Wealth Advisors Inc. grew its position in shares of Caterpillar by 39.2% in the fourth quarter. Archvest Wealth Advisors Inc. now owns 661 shares of the industrial products company’s stock valued at $379,000 after purchasing an additional 186 shares during the last quarter. Finally, North Berkeley Wealth Management LLC grew its position in shares of Caterpillar by 19.5% in the fourth quarter. North Berkeley Wealth Management LLC now owns 1,228 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Up 1.9%

Shares of NYSE:CAT opened at $927.18 on Thursday. The firm has a market cap of $427.05 billion, a P/E ratio of 46.15, a P/E/G ratio of 1.79 and a beta of 1.59. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12-month low of $345.85 and a 12-month high of $936.71. The business has a fifty day simple moving average of $823.77 and a 200 day simple moving average of $710.34.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same period last year, the business posted $4.25 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 24.67 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Wolfe Research increased their price target on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Robert W. Baird increased their price target on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Oppenheimer set a $980.00 price target on Caterpillar and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn increased their price target on Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $933.27.

Insider Activity

In other Caterpillar news, CAO William E. Schaupp sold 360 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total transaction of $326,160.00. Following the completion of the sale, the chief accounting officer directly owned 530 shares in the company, valued at approximately $480,180. This trade represents a 40.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is owned by insiders.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.