Eastern Bank grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1,021.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 111,344 shares of the industrial products company’s stock after acquiring an additional 101,416 shares during the period. Caterpillar comprises 1.2% of Eastern Bank’s investment portfolio, making the stock its 29th biggest position. Eastern Bank’s holdings in Caterpillar were worth $17,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Forte Capital LLC ADV bought a new position in shares of Caterpillar during the 4th quarter valued at approximately $262,000. First Manhattan Co. boosted its holdings in Caterpillar by 9.6% in the 4th quarter. First Manhattan Co. now owns 4,276 shares of the industrial products company’s stock worth $673,000 after buying an additional 373 shares during the period. Chevy Chase Trust Holdings Inc. boosted its holdings in Caterpillar by 0.6% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 525,064 shares of the industrial products company’s stock worth $82,726,000 after buying an additional 2,930 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in Caterpillar by 244.8% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 5,310 shares of the industrial products company’s stock worth $836,000 after buying an additional 3,770 shares during the period. Finally, V Wealth Management LLC boosted its holdings in Caterpillar by 92.5% in the 4th quarter. V Wealth Management LLC now owns 9,044 shares of the industrial products company’s stock worth $1,532,000 after buying an additional 4,346 shares during the period. 68.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Caterpillar Inc. (CAT) traded up $1.58 during trading hours on Monday, reaching $170.41. 5,796,600 shares of the company’s stock traded hands, compared to its average volume of 5,145,400. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $173.24. The company has a market cap of $101,230.00, a P/E ratio of 118.34, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.68. Caterpillar had a net margin of 2.09% and a return on equity of 23.22%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. sell-side analysts forecast that Caterpillar Inc. will post 6.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is 216.67%.

Several research analysts recently commented on CAT shares. BMO Capital Markets raised their price objective on shares of Caterpillar from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. Vetr downgraded shares of Caterpillar from a “hold” rating to a “sell” rating and set a $137.72 price objective for the company. in a report on Thursday, December 7th. Citigroup raised their price objective on shares of Caterpillar from $145.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, December 21st. Goldman Sachs Group raised their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Finally, OTR Global downgraded shares of Caterpillar to a “positive” rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus price target of $156.64.

In other news, insider Lange Bob De sold 1,572 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $137.58, for a total transaction of $216,275.76. Following the sale, the insider now owns 11,096 shares in the company, valued at approximately $1,526,587.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas A. Pellette sold 24,547 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $135.69, for a total transaction of $3,330,782.43. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,989 shares of company stock valued at $7,235,850. Insiders own 0.14% of the company’s stock.

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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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