Johnson Investment Counsel Inc. Grows Stock Position in Caterpillar Inc. (NYSE:CAT)

Johnson Investment Counsel Inc. grew its position in shares of Caterpillar Inc. (NYSE:CATFree Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,408 shares of the industrial products company’s stock after purchasing an additional 279 shares during the period. Johnson Investment Counsel Inc.’s holdings in Caterpillar were worth $3,373,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Summit Trail Advisors LLC grew its stake in Caterpillar by 7.4% during the 3rd quarter. Summit Trail Advisors LLC now owns 4,162 shares of the industrial products company’s stock valued at $1,136,000 after purchasing an additional 285 shares in the last quarter. Mcdonald Partners LLC bought a new stake in shares of Caterpillar in the third quarter worth $216,000. Choate Investment Advisors raised its holdings in Caterpillar by 20.3% in the third quarter. Choate Investment Advisors now owns 5,755 shares of the industrial products company’s stock valued at $1,571,000 after acquiring an additional 973 shares in the last quarter. Congress Wealth Management LLC DE boosted its stake in Caterpillar by 0.9% during the 3rd quarter. Congress Wealth Management LLC DE now owns 46,946 shares of the industrial products company’s stock valued at $12,817,000 after acquiring an additional 433 shares during the last quarter. Finally, Psagot Value Holdings Ltd. Israel increased its position in shares of Caterpillar by 139.1% in the 3rd quarter. Psagot Value Holdings Ltd. Israel now owns 550 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 320 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $3.01 on Friday, reaching $354.79. 2,210,787 shares of the company traded hands, compared to its average volume of 2,729,460. 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 stock has a market capitalization of $173.51 billion, a PE ratio of 16.02, a P/E/G ratio of 1.52 and a beta of 1.19. The company’s 50 day moving average is $353.59 and its 200-day moving average is $306.69. Caterpillar Inc. has a fifty-two week low of $205.60 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CATGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, analysts anticipate that Caterpillar Inc. will post 21.79 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. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. Caterpillar’s dividend payout ratio is currently 23.48%.

Insider Activity at Caterpillar

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

Analyst Ratings Changes

CAT has been the subject of several research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. HSBC raised their price target on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Citigroup boosted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, TD Cowen boosted their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. One investment 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 data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus price target of $323.35.

View Our Latest Report on CAT

Caterpillar Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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