First Horizon Advisors Inc. Acquires 86 Shares of Caterpillar Inc. (NYSE:CAT)

First Horizon Advisors Inc. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,270 shares of the industrial products company’s stock after acquiring an additional 86 shares during the period. First Horizon Advisors Inc.’s holdings in Caterpillar were worth $2,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CAT. International Assets Investment Management LLC grew its stake in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after buying an additional 1,488,813 shares in the last quarter. Winslow Capital Management LLC grew its position in Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after acquiring an additional 1,070,570 shares in the last quarter. FMR LLC increased its stake in Caterpillar by 14.9% during the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Caterpillar by 5,293.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after purchasing an additional 473,416 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $101,872,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, Director David Maclennan purchased 350 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CAT. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $293.00 to $350.00 in a research note on Friday, April 26th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price target for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. HSBC upped their target price on Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $323.35.

Caterpillar Stock Performance

Shares of CAT opened at $336.75 on Friday. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. The stock has a fifty day moving average price of $351.89 and a 200-day moving average price of $303.11. The firm has a market cap of $164.69 billion, a PE ratio of 15.21, a P/E/G ratio of 1.43 and a beta of 1.19. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during 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 research analysts predict that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is presently 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.