Groupama Asset Managment Grows Stake in Caterpillar Inc. $CAT

Key Points

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Groupama Asset Managment lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,678 shares of the industrial products company's stock after purchasing an additional 1,287 shares during the period. Groupama Asset Managment's holdings in Caterpillar were worth $7,147,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the 4th quarter worth $33,000. Quarry LP purchased a new stake in Caterpillar in the 4th quarter worth about $35,000. Mpwm Advisory Solutions LLC purchased a new stake in Caterpillar in the 4th quarter worth about $36,000. Mattson Financial Services LLC purchased a new stake in Caterpillar in the 4th quarter worth about $39,000. Finally, Curat Global LLC purchased a new stake in Caterpillar in the 1st quarter worth about $33,000. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CAT shares. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Citigroup lifted their price objective on Caterpillar from $460.00 to $500.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Evercore ISI raised Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a report on Tuesday. Bank of America lifted their price objective on Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $450.87.

Caterpillar Price Performance

NYSE:CAT traded up $17.1140 during mid-day trading on Friday, reaching $435.0040. The stock had a trading volume of 3,784,363 shares, compared to its average volume of 3,368,960. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a one year low of $267.30 and a one year high of $441.15. The firm has a 50 day moving average price of $405.71 and a two-hundred day moving average price of $357.81. The stock has a market capitalization of $203.79 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.49 and a beta of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the previous year, the firm posted $5.99 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.4%. This is a boost from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend was Monday, July 21st. Caterpillar's payout ratio is presently 30.72%.

Caterpillar Company Profile

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.