3,863 Shares in Caterpillar Inc. $CAT Acquired by Marble Wealth LLC

Key Points

• Marble Wealth LLC opened a new position in Caterpillar, buying 3,863 shares valued at about $2.21 million in the fourth quarter.
• Caterpillar recently posted strong quarterly results, with EPS of $5.54 and revenue of $17.42 billion, both above analyst estimates and up 22.2% year over year.
• The stock remains heavily owned by institutions, while insider activity has been mixed to negative, with CFO Andrew R. J. Bonfield and another insider recently selling shares; analysts currently rate the stock Moderate Buy with an average target of $933.27.

Marble Wealth LLC acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,863 shares of the industrial products company's stock, valued at approximately $2,213,000.

A number of other large investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in shares of Caterpillar by 7.3% in the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company's stock valued at $8,237,000 after acquiring an additional 1,181 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Caterpillar in the third quarter valued at $8,893,000. State of New Jersey Common Pension Fund D raised its stake in shares of Caterpillar by 2.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company's stock valued at $79,053,000 after acquiring an additional 4,010 shares in the last quarter. Juno Financial Group LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $877,000. Finally, ARK Investment Management LLC raised its stake in shares of Caterpillar by 11.7% in the third quarter. ARK Investment Management LLC now owns 31,144 shares of the industrial products company's stock valued at $14,860,000 after acquiring an additional 3,268 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock opened at $910.03 on Wednesday. The stock's 50-day moving average is $814.65 and its two-hundred day moving average is $705.34. The firm has a market cap of $419.15 billion, a price-to-earnings ratio of 45.30, a PEG ratio of 1.71 and a beta of 1.59. Caterpillar Inc. has a 1 year low of $344.92 and a 1 year high of $931.35. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.25 earnings per share. Analysts predict that Caterpillar Inc. will post 24.67 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were issued a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar's dividend payout ratio (DPR) is presently 30.06%.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the transaction, the chief financial officer owned 52,935 shares of the company's stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the firm's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares in the company, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 98,273 shares of company stock valued at $89,439,960. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAT. Wells Fargo & Company increased their price objective on Caterpillar from $960.00 to $1,050.00 and gave the company an "overweight" rating in a research note on Friday, May 1st. Rothschild & Co Redburn increased their price objective on Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Morgan Stanley set a $915.00 price objective on Caterpillar and gave the company an "equal weight" rating in a research note on Friday, May 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of Caterpillar in a report on Friday, May 8th. Finally, Robert W. Baird increased their target price on Caterpillar from $940.00 to $1,165.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $933.27.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

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 - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.