Hartland & Co. LLC Invests $208,000 in Caterpillar Inc. (CAT) Stock
Hartland & Co. LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,319 shares of the industrial products company’s stock, valued at approximately $208,000.
A number of other large investors have also recently modified their holdings of the business. Mariner Wealth Advisors LLC lifted its holdings in Caterpillar by 91.0% during the fourth quarter. Mariner Wealth Advisors LLC now owns 14,366 shares of the industrial products company’s stock valued at $2,264,000 after purchasing an additional 6,846 shares in the last quarter. Wealthfront Inc. lifted its holdings in Caterpillar by 8.6% during the fourth quarter. Wealthfront Inc. now owns 29,804 shares of the industrial products company’s stock valued at $4,697,000 after purchasing an additional 2,371 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Caterpillar by 9.1% during the fourth quarter. Systematic Financial Management LP now owns 31,546 shares of the industrial products company’s stock valued at $4,971,000 after purchasing an additional 2,622 shares in the last quarter. Eldridge Investment Advisors Inc. purchased a new position in Caterpillar during the fourth quarter valued at approximately $213,000. Finally, Itau Unibanco Holding S.A. lifted its holdings in Caterpillar by 10.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 4,106 shares of the industrial products company’s stock valued at $647,000 after purchasing an additional 387 shares in the last quarter. 68.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caterpillar Inc. (NYSE:CAT) opened at $158.86 on Friday. Caterpillar Inc. has a 1 year low of $90.34 and a 1 year high of $173.24. The firm has a market cap of $92,769.45, a price-to-earnings ratio of 22.56, a P/E/G ratio of 1.66 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.35 and a quick ratio of 0.97.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Monday, January 22nd were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, January 19th. Caterpillar’s dividend payout ratio is presently 247.62%.
In related news, General Counsel Suzette M. Long sold 528 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $160.46, for a total value of $84,722.88. Following the sale, the general counsel now owns 19,646 shares in the company, valued at $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 Bradley M. Halverson sold 2,600 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $137.67, for a total transaction of $357,942.00. Following the completion of the sale, the insider now owns 5,214 shares in the company, valued at approximately $717,811.38. The disclosure for this sale can be found here. Insiders sold 98,327 shares of company stock worth $15,968,670 in the last 90 days. 0.14% of the stock is currently owned by company insiders.
Several brokerages have weighed in on CAT. UBS Group set a $190.00 price target on shares of Caterpillar and gave the company a “buy” rating in a report on Thursday, February 15th. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $166.15 target price on the stock. in a report on Monday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Caterpillar in a report on Monday, February 12th. Citigroup reissued a “neutral” rating and issued a $185.00 target price (up previously from $160.00) on shares of Caterpillar in a report on Friday, January 19th. Finally, TheStreet downgraded shares of Caterpillar from a “b” rating to a “c+” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. Caterpillar currently has a consensus rating of “Buy” and an average target price of $167.60.
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.
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:CAT).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.