Consolidated Planning Corp Purchases 243 Shares of Caterpillar Inc. (NYSE:CAT)

Consolidated Planning Corp grew its stake in Caterpillar Inc. (NYSE:CAT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,986 shares of the industrial products company’s stock after purchasing an additional 243 shares during the quarter. Caterpillar makes up approximately 1.5% of Consolidated Planning Corp’s investment portfolio, making the stock its 18th largest holding. Consolidated Planning Corp’s holdings in Caterpillar were worth $7,979,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CAT. International Assets Investment Management LLC raised 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 during the period. Winslow Capital Management LLC grew its stake in shares of 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 in the last quarter. FMR LLC grew its stake in shares of 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of 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 in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Caterpillar during the third quarter worth about $101,872,000. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, 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 accessible through this link. In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,769 shares of company stock worth $11,508,906. 0.33% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.6 %

NYSE CAT traded up $5.38 during trading hours on Friday, reaching $343.38. The company’s 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 current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The firm has a fifty day simple moving average of $350.10 and a 200-day simple moving average of $300.80. The stock has a market cap of $171.48 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.51 and a beta of 1.17.

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

Caterpillar Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on CAT shares. Morgan Stanley started coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. TD Cowen increased their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $310.83.

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.