Copley Financial Group Inc. Has $1.37 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Copley Financial Group Inc. raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 84.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,777 shares of the industrial products company's stock after buying an additional 1,732 shares during the quarter. Caterpillar makes up about 1.0% of Copley Financial Group Inc.'s investment portfolio, making the stock its 16th largest holding. Copley Financial Group Inc.'s holdings in Caterpillar were worth $1,370,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $579,000. Brighton Jones LLC grew its holdings in Caterpillar by 51.5% during the fourth 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. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Caterpillar by 6.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,492 shares of the industrial products company's stock worth $3,806,000 after acquiring an additional 680 shares during the period. Narwhal Capital Management grew its holdings in Caterpillar by 9.9% during the fourth quarter. Narwhal Capital Management now owns 24,809 shares of the industrial products company's stock worth $9,000,000 after acquiring an additional 2,235 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in Caterpillar during the fourth quarter worth about $429,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan purchased 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Wedbush raised Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Citigroup lifted their price target on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Robert W. Baird raised 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 research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $375.33.

Caterpillar Stock Performance

CAT traded down $1.83 on Wednesday, hitting $349.68. The company had a trading volume of 1,921,494 shares, compared to its average volume of 2,635,153. The company's fifty day moving average price is $318.94 and its 200 day moving average price is $351.77. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. 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 stock has a market cap of $164.71 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. During the same quarter last year, the firm posted $5.60 earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal 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 issued a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. 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.