Chancellor Financial Group WB LP Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Chancellor Financial Group WB LP bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,855 shares of the industrial products company's stock, valued at approximately $1,036,000. Caterpillar accounts for 0.8% of Chancellor Financial Group WB LP's investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacific Point Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth about $579,000. Brighton Jones LLC boosted its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after acquiring an additional 2,519 shares during the period. PFG Investments LLC boosted its stake in shares of Caterpillar by 11.6% during the 4th quarter. PFG Investments LLC now owns 5,879 shares of the industrial products company's stock worth $2,133,000 after acquiring an additional 611 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Caterpillar in the 4th quarter valued at $7,396,000. Finally, KBC Group NV boosted its stake in Caterpillar by 54.0% in the 4th quarter. KBC Group NV now owns 170,554 shares of the industrial products company's stock valued at $61,870,000 after purchasing an additional 59,829 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

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

Caterpillar Price Performance

Shares of CAT stock traded down $4.69 during mid-day trading on Friday, hitting $347.10. 4,866,863 shares of the stock were exchanged, compared to its average volume of 2,640,639. The company has a market cap of $163.50 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The firm has a fifty day moving average of $319.22 and a 200 day moving average of $351.14. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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). The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.60 EPS. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.62%. Caterpillar's payout ratio is currently 27.49%.

Analyst Ratings Changes

CAT has been the subject of several recent analyst reports. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $309.00 to $395.00 in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. reduced their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

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.