Taylor Hoffman Wealth Management Takes Position in Caterpillar Inc. (CAT)

Taylor Hoffman Wealth Management bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,773 shares of the industrial products company’s stock, valued at approximately $595,000. Caterpillar makes up approximately 1.3% of Taylor Hoffman Wealth Management’s portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Virtu Financial LLC raised its position in shares of Caterpillar by 351.2% during the 4th quarter. Virtu Financial LLC now owns 12,294 shares of the industrial products company’s stock worth $1,937,000 after acquiring an additional 9,569 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Caterpillar by 97.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,193 shares of the industrial products company’s stock worth $2,237,000 after acquiring an additional 7,022 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Caterpillar by 2.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 1,977,402 shares of the industrial products company’s stock worth $311,599,000 after acquiring an additional 43,775 shares in the last quarter. BlackRock Inc. raised its position in shares of Caterpillar by 6.5% during the 4th quarter. BlackRock Inc. now owns 37,565,629 shares of the industrial products company’s stock worth $5,919,590,000 after acquiring an additional 2,297,750 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of Caterpillar by 7.6% during the 4th quarter. Schroder Investment Management Group now owns 770,480 shares of the industrial products company’s stock worth $121,411,000 after acquiring an additional 54,661 shares in the last quarter. 68.70% of the stock is currently owned by institutional investors and hedge funds.

In other Caterpillar news, General Counsel Suzette M. Long sold 528 shares of Caterpillar stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $160.46, for a total value of $84,722.88. Following the transaction, the general counsel now directly owns 19,646 shares in the company, valued at approximately $3,152,397.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jananne A. Copeland sold 3,247 shares of Caterpillar stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $136.95, for a total value of $444,676.65. Following the completion of the transaction, the insider now owns 8,908 shares in the company, valued at $1,219,950.60. The disclosure for this sale can be found here. Insiders sold a total of 101,574 shares of company stock worth $16,413,346 over the last quarter. Company insiders own 0.14% of the company’s stock.

Several brokerages have recently weighed in on CAT. Citigroup raised their target price on Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, December 21st. Vetr raised Caterpillar from a “hold” rating to a “buy” rating and set a $170.44 target price on the stock in a research report on Monday, January 29th. Argus raised their target price on Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Bank of America reissued a “buy” rating and set a $189.00 target price (up previously from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. Finally, Credit Suisse Group raised their target price on Caterpillar from $146.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $167.60.

Caterpillar Inc. (CAT) opened at $155.23 on Thursday. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The firm has a market capitalization of $92,966.66, a P/E ratio of 123.20, a price-to-earnings-growth ratio of 1.66 and a beta of 1.23. The company has a quick ratio of 0.97, a current ratio of 1.35 and a debt-to-equity ratio of 1.73.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating 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 last year, the business posted $0.83 EPS. The company’s revenue was up 34.7% on a year-over-year basis. equities research analysts predict that Caterpillar Inc. will post 9.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, January 19th. This represents a $3.12 annualized dividend and a dividend yield of 2.01%. Caterpillar’s dividend payout ratio (DPR) is currently 247.62%.

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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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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