Yoffe Investment Management LLC Buys Shares of 2,637 Caterpillar Inc. (NYSE:CAT)

Yoffe Investment Management LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,637 shares of the industrial products company's stock, valued at approximately $957,000. Caterpillar accounts for 1.4% of Yoffe Investment Management LLC's investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Wealth Group LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $230,000. Proficio Capital Partners LLC raised its holdings in Caterpillar by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock valued at $805,000 after buying an additional 614 shares during the last quarter. Victrix Investment Advisors bought a new position in Caterpillar in the 4th quarter valued at approximately $2,090,000. Braun Stacey Associates Inc. increased its position in Caterpillar by 2.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock valued at $12,637,000 after purchasing an additional 963 shares during the period. Finally, Strategic Advisors LLC increased its position in Caterpillar by 14.6% during the 4th quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock valued at $2,076,000 after purchasing an additional 730 shares during the period. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $309.00 to $395.00 in a research report on Tuesday, May 13th. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $375.33.

Caterpillar Stock Up 0.6%

NYSE:CAT traded up $2.24 during trading hours on Thursday, hitting $351.73. 2,290,266 shares of the company traded hands, compared to its average volume of 2,632,152. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm's 50-day simple moving average is $318.94 and its 200-day simple moving average is $351.77. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a market cap of $165.68 billion, a PE ratio of 15.94, a PEG ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.60 earnings per share. Equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.