Resonant Capital Advisors LLC Grows Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Resonant Capital Advisors LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,323 shares of the industrial products company’s stock after purchasing an additional 56 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Caterpillar were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Atlas Capital Advisors LLC raised its position in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Gilfoyle & Co LLC bought a new position in Caterpillar during the 4th quarter worth approximately $30,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Caterpillar in the 4th quarter worth approximately $30,000. Finally, First Capital Advisors Group LLC. bought a new stake in Caterpillar in the second quarter valued at approximately $30,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $354.66 on Friday. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The firm’s 50-day simple moving average is $346.70 and its two-hundred day simple moving average is $297.78. The stock has a market cap of $177.12 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.86 EPS. Analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is presently 25.82%.

Analysts Set New Price Targets

Several research analysts recently commented on CAT shares. Morgan Stanley started coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. Wells Fargo & Company raised their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. TD Cowen upped their price target on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group increased their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Caterpillar has an average rating of “Hold” and a consensus target price of $307.56.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction on 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 of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

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.