MinichMacGregor Wealth Management LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,327 shares of the industrial products company’s stock after purchasing an additional 101 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Caterpillar were worth $481,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in Caterpillar by 39,534.0% during the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock worth $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. Zurich Insurance Group Ltd FI grew its stake in Caterpillar by 4,018.6% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after buying an additional 249,155 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Caterpillar by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after acquiring an additional 205,012 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in Caterpillar by 34.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock worth $305,908,000 after acquiring an additional 200,210 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Caterpillar by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 2,108,817 shares of the industrial products company’s stock valued at $702,431,000 after purchasing an additional 198,123 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Insider Activity
In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’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 $17,173,226.38. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Caterpillar
Caterpillar Stock Performance
Caterpillar stock opened at $397.68 on Thursday. The stock has a market cap of $192.00 billion, a PE ratio of 18.44, a P/E/G ratio of 1.97 and a beta of 1.13. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12-month low of $287.52 and a 12-month high of $418.50. The business’s 50-day moving average price is $379.99 and its two-hundred day moving average price is $368.17.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the prior year, the company earned $5.52 earnings per share. Caterpillar’s revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar’s dividend payout ratio is presently 26.15%.
Caterpillar 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.
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