Robertson Stephens Wealth Management LLC Acquires 10,406 Shares of Caterpillar Inc. $CAT

Robertson Stephens Wealth Management LLC grew its holdings in Caterpillar Inc. (NYSE:CATFree Report) by 86.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,475 shares of the industrial products company’s stock after purchasing an additional 10,406 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Caterpillar were worth $12,876,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Integrity Wealth Solutions LLC grew its position in Caterpillar by 90.8% in the fourth quarter. Integrity Wealth Solutions LLC now owns 1,185 shares of the industrial products company’s stock worth $679,000 after acquiring an additional 564 shares in the last quarter. Verus Financial Partners Inc. grew its position in Caterpillar by 16.4% in the fourth quarter. Verus Financial Partners Inc. now owns 1,064 shares of the industrial products company’s stock worth $677,000 after acquiring an additional 150 shares in the last quarter. Fifth Third Bancorp grew its position in Caterpillar by 0.8% in the fourth quarter. Fifth Third Bancorp now owns 504,190 shares of the industrial products company’s stock worth $288,835,000 after acquiring an additional 3,761 shares in the last quarter. Uptick Partners LLC grew its position in Caterpillar by 76.9% in the fourth quarter. Uptick Partners LLC now owns 844 shares of the industrial products company’s stock worth $484,000 after acquiring an additional 367 shares in the last quarter. Finally, Vantage Point Financial LLC grew its position in Caterpillar by 0.5% in the fourth quarter. Vantage Point Financial LLC now owns 6,175 shares of the industrial products company’s stock worth $3,538,000 after acquiring an additional 29 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 2,500 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the completion of the transaction, the chief executive officer owned 35,083 shares in the company, valued at approximately $25,222,221.19. This represents a 6.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 10,671 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the transaction, the insider owned 41,151 shares of the company’s stock, valued at approximately $28,001,197.95. This represents a 20.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 125,950 shares of company stock worth $88,577,390. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the stock an “equal weight” rating in a research note on Friday. Rothschild & Co Redburn boosted their price objective on shares of Caterpillar from $650.00 to $700.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Sanford C. Bernstein boosted their price objective on shares of Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research note on Friday. HSBC boosted their price objective on shares of Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Citigroup boosted their price objective on shares of Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research note on Friday. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $854.86.

Get Our Latest Report on CAT

Caterpillar Stock Performance

NYSE:CAT opened at $890.15 on Friday. The firm’s 50-day moving average is $746.86 and its 200-day moving average is $655.04. Caterpillar Inc. has a 52-week low of $318.11 and a 52-week high of $905.00. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.94 and a current ratio of 1.35. The company has a market cap of $414.18 billion, a price-to-earnings ratio of 47.30, a PEG ratio of 2.05 and a beta of 1.63.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the firm posted $4.25 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 22.89 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s payout ratio is presently 32.09%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

Caterpillar Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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