Arrowpoint Investment Partners Singapore Pte. Ltd. Invests $1.06 Million in Caterpillar Inc. (NYSE:CAT)

Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,928 shares of the industrial products company's stock, valued at approximately $1,062,000.

A number of other large investors also recently bought and sold shares of the business. FSM Wealth Advisors LLC increased its position in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after buying an additional 25 shares in the last quarter. Allen Capital Group LLC increased its stake in shares of Caterpillar by 0.6% during the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after purchasing an additional 26 shares in the last quarter. Wagner Wealth Management LLC raised its position in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after purchasing an additional 26 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its stake in Caterpillar by 0.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after buying an additional 27 shares in the last quarter. Finally, Magnolia Capital Advisors LLC boosted its holdings in Caterpillar by 3.3% in the 4th quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock worth $311,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Baird R W upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $272.00 to $357.00 in a research report on Friday, May 16th. Robert W. Baird raised shares of Caterpillar from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Finally, Citigroup upped their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Six 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $375.33.

Caterpillar Price Performance

Shares of CAT stock opened at $349.01 on Wednesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $164.40 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The firm's 50-day moving average is $318.02 and its two-hundred day moving average is $353.54. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.

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

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 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.

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