Bollard Group LLC Has $20.59 Million Position in Caterpillar Inc. (CAT)

Bollard Group LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,660 shares of the industrial products company’s stock after acquiring an additional 1,307 shares during the quarter. Caterpillar comprises approximately 1.0% of Bollard Group LLC’s portfolio, making the stock its 14th biggest holding. Bollard Group LLC’s holdings in Caterpillar were worth $20,589,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in shares of Caterpillar by 10.6% during the second quarter. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 128 shares during the last quarter. Motco boosted its stake in shares of Caterpillar by 264.9% during the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 718 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 900 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Caterpillar during the fourth quarter valued at $131,000. Finally, Blue Chip Partners Inc. acquired a new stake in shares of Caterpillar during the second quarter valued at $136,000. Hedge funds and other institutional investors own 69.27% of the company’s stock.

In other Caterpillar news, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the sale, the insider now directly owns 96,268 shares in the company, valued at approximately $15,700,348.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the sale, the chief financial officer now owns 7,814 shares in the company, valued at $1,073,096.62. The disclosure for this sale can be found here. Insiders have sold a total of 143,331 shares of company stock worth $22,107,578 over the last 90 days. 0.14% of the stock is owned by company insiders.

Shares of Caterpillar Inc. (CAT) opened at $152.29 on Tuesday. The company has a market capitalization of $88,770.05, a PE ratio of 120.87, a P/E/G ratio of 1.60 and a beta of 1.23. The company has a current ratio of 1.35, a quick ratio of 0.97 and a debt-to-equity ratio of 1.73. Caterpillar Inc. has a twelve month low of $90.34 and a twelve month high of $173.24.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 25th. The industrial products company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.39. Caterpillar had a return on equity of 28.69% and a net margin of 1.66%. The company had revenue of $12.90 billion for the quarter, compared to the consensus estimate of $12.01 billion. During the same period in the previous year, the business earned $0.83 EPS. Caterpillar’s revenue for the quarter was up 34.7% compared to the same quarter last year. research analysts predict that Caterpillar Inc. will post 9.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, January 19th. This represents a $3.12 annualized dividend and a yield of 2.05%. Caterpillar’s dividend payout ratio is presently 247.62%.

A number of analysts recently commented on CAT shares. Barclays set a $180.00 price objective on Caterpillar and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Bank of America increased their price objective on Caterpillar from $189.00 to $192.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Credit Suisse Group reaffirmed an “outperform” rating and set a $146.00 price objective (up previously from $133.00) on shares of Caterpillar in a research note on Wednesday, October 18th. Wells Fargo & Co increased their price objective on Caterpillar from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Finally, Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price target on the stock in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Buy” and a consensus price target of $167.60.

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Caterpillar Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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