Ingalls & Snyder LLC Acquires 413 Shares of Caterpillar Inc. (NYSE:CAT)

Ingalls & Snyder LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,113 shares of the industrial products company’s stock after buying an additional 413 shares during the period. Ingalls & Snyder LLC’s holdings in Caterpillar were worth $1,493,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Acorn Wealth Advisors LLC raised its position in Caterpillar by 3.6% during the third quarter. Acorn Wealth Advisors LLC now owns 2,048 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 72 shares in the last quarter. Gables Capital Management Inc. raised its position in Caterpillar by 1.0% during the third quarter. Gables Capital Management Inc. now owns 7,730 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 75 shares in the last quarter. Accurate Investment Solutions Inc. raised its position in Caterpillar by 17.1% during the fourth quarter. Accurate Investment Solutions Inc. now owns 521 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 76 shares in the last quarter. River Wealth Advisors LLC raised its position in Caterpillar by 1.5% during the third quarter. River Wealth Advisors LLC now owns 5,167 shares of the industrial products company’s stock valued at $653,000 after purchasing an additional 78 shares in the last quarter. Finally, First Command Financial Services Inc. raised its position in Caterpillar by 2.9% during the third quarter. First Command Financial Services Inc. now owns 2,815 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 80 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

In related news, insider Denise C. Johnson sold 68,993 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $146.37, for a total transaction of $10,098,505.41. Also, insider Denise C. Johnson sold 14,777 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $140.00, for a total value of $2,068,780.00. Following the transaction, the insider now owns 26,464 shares in the company, valued at approximately $3,704,960. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,122 shares of company stock worth $13,083,041. 0.37% of the stock is owned by company insiders.

A number of equities research analysts have weighed in on CAT shares. Citigroup lowered their price target on Caterpillar from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley raised their price target on Caterpillar from $132.00 to $137.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Deutsche Bank raised their price target on Caterpillar from $123.00 to $147.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Standpoint Research downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $150.00 price objective on shares of Caterpillar in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus price target of $143.44.

CAT opened at $145.57 on Thursday. The company has a market cap of $81.06 billion, a P/E ratio of 12.97, a P/E/G ratio of 1.56 and a beta of 1.52. The business’s 50-day moving average price is $146.00 and its 200-day moving average price is $134.49. The company has a current ratio of 1.44, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. Caterpillar Inc. has a 12 month low of $111.75 and a 12 month high of $150.55.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $2.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.82 by ($0.16). The company had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $13.49 billion. Caterpillar had a return on equity of 42.51% and a net margin of 10.99%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.86 EPS. Equities research analysts forecast that Caterpillar Inc. will post 10.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.83%. Caterpillar’s dividend payout ratio is currently 36.72%.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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