Caterpillar Inc. (NYSE:CAT) Shares Bought by Vivaldi Capital Management LP

Vivaldi Capital Management LP lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 2,687.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,336 shares of the industrial products company's stock after acquiring an additional 16,714 shares during the period. Vivaldi Capital Management LP's holdings in Caterpillar were worth $6,839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAT. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the fourth quarter valued at approximately $31,000. Finally, Quarry LP purchased a new position in Caterpillar during the fourth quarter valued at approximately $35,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CAT shares. Citigroup boosted their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird upgraded shares of Caterpillar from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, DA Davidson increased their price target on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $375.50.

Caterpillar Price Performance

NYSE:CAT opened at $353.60 on Monday. The stock has a market cap of $166.56 billion, a P/E ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a fifty day moving average price of $317.42 and a 200 day moving average price of $353.76. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

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

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is 27.49%.

Insider Activity

In other news, Director David Maclennan bought 375 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, the director now directly owns 6,653 shares of the company's stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Caterpillar 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.

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