SYM FINANCIAL Corp Acquires 65 Shares of Caterpillar Inc. (NYSE:CAT)

SYM FINANCIAL Corp lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,057 shares of the industrial products company’s stock after buying an additional 65 shares during the period. SYM FINANCIAL Corp’s holdings in Caterpillar were worth $313,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. River Global Investors LLP acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $4,732,000. Kerntke Otto McGlone Wealth Management Group bought a new stake in Caterpillar during the fourth quarter worth $202,000. Connecticut Wealth Management LLC lifted its stake in Caterpillar by 282.1% in the fourth quarter. Connecticut Wealth Management LLC now owns 5,502 shares of the industrial products company’s stock valued at $1,627,000 after acquiring an additional 4,062 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Caterpillar by 16.8% during the 4th quarter. National Bank of Canada FI now owns 464,813 shares of the industrial products company’s stock worth $136,047,000 after purchasing an additional 66,691 shares during the last quarter. Finally, Noesis Capital Mangement Corp raised its holdings in shares of Caterpillar by 3.0% in the 4th quarter. Noesis Capital Mangement Corp now owns 39,924 shares of the industrial products company’s stock valued at $11,804,000 after purchasing an additional 1,172 shares during the period. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird increased their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Citigroup increased their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Wells Fargo & Company lifted their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $323.35.

Caterpillar Price Performance

CAT stock traded up $1.31 during midday trading on Friday, reaching $336.75. The company had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The stock has a 50 day moving average price of $351.89 and a 200-day moving average price of $303.33. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. Equities research analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.54%. Caterpillar’s payout ratio is 23.48%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Maclennan purchased 350 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

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.