Consolidated Planning Corp Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Consolidated Planning Corp boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,986 shares of the industrial products company’s stock after buying an additional 243 shares during the period. Caterpillar accounts for about 1.5% of Consolidated Planning Corp’s portfolio, making the stock its 18th largest holding. Consolidated Planning Corp’s holdings in Caterpillar were worth $7,979,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CAT. International Assets Investment Management LLC grew its position in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares in the last quarter. Winslow Capital Management LLC lifted its holdings in Caterpillar by 2,265.3% in the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after acquiring an additional 1,070,570 shares during the last quarter. FMR LLC lifted its holdings in Caterpillar by 14.9% in the third quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after acquiring an additional 781,111 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Caterpillar by 5,293.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after acquiring an additional 473,416 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Caterpillar in the third quarter valued at approximately $101,872,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

NYSE:CAT traded up $5.38 during mid-day trading on Friday, reaching $343.38. The stock had a trading volume of 3,324,630 shares, compared to its average volume of 2,414,735. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 1.35. The firm has a market capitalization of $171.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.51 and a beta of 1.17. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01. The business has a 50 day simple moving average of $350.10 and a 200 day simple moving average of $300.80.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, analysts expect that Caterpillar Inc. will post 21.3 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. Caterpillar’s payout ratio is 23.48%.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research note on Thursday, April 18th. JPMorgan Chase & Co. upped their price target on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Morgan Stanley initiated coverage on Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price target on the stock. Stifel Nicolaus cut Caterpillar from a “buy” rating to a “hold” rating and upped their price target for the stock from $293.00 to $350.00 in a research note on Friday. Finally, The Goldman Sachs Group upped their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $310.83.

Insider Activity

In other news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Caterpillar news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last three months, insiders sold 35,769 shares of company stock worth $11,508,906. Company 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.