Caterpillar Inc. (CAT) Holdings Boosted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,425 shares of the industrial products company’s stock after purchasing an additional 2,314 shares during the period. Crossmark Global Holdings Inc.’s holdings in Caterpillar were worth $7,473,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Beach Investment Management LLC. purchased a new position in shares of Caterpillar in the second quarter worth about $231,000. ARGI Investment Services LLC purchased a new position in shares of Caterpillar in the second quarter worth about $218,000. Chicago Equity Partners LLC purchased a new position in shares of Caterpillar in the second quarter worth about $15,980,000. Swiss National Bank lifted its stake in shares of Caterpillar by 3.4% in the second quarter. Swiss National Bank now owns 2,142,816 shares of the industrial products company’s stock worth $230,267,000 after buying an additional 69,800 shares in the last quarter. Finally, Sawtooth Solutions LLC lifted its stake in shares of Caterpillar by 10.3% in the second quarter. Sawtooth Solutions LLC now owns 13,872 shares of the industrial products company’s stock worth $1,491,000 after buying an additional 1,301 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

In other Caterpillar news, CFO Bradley M. Halverson sold 17,210 shares of Caterpillar stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $137.33, for a total transaction of $2,363,449.30. Following the completion of the sale, the chief financial officer now directly owns 7,814 shares in the company, valued at $1,073,096.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas A. Pellette sold 95,199 shares of Caterpillar stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $163.09, for a total transaction of $15,526,004.91. Following the sale, the insider now owns 96,268 shares of the company’s stock, valued at $15,700,348.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,331 shares of company stock valued at $22,107,578. Company insiders own 0.14% of the company’s stock.

CAT has been the topic of several research reports. Bank of America set a $152.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Wells Fargo & Co set a $150.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Monday, October 16th. They noted that the move was a valuation call. UBS Group set a $155.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, October 25th. BMO Capital Markets reissued a “buy” rating and issued a $150.00 price target on shares of Caterpillar in a research note on Friday, October 20th. Finally, Argus raised their price target on shares of Caterpillar from $130.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Caterpillar presently has a consensus rating of “Buy” and a consensus price target of $167.80.

Shares of Caterpillar Inc. (NYSE CAT) opened at $145.99 on Friday. Caterpillar Inc. has a 12-month low of $90.34 and a 12-month high of $173.24. The stock has a market cap of $91,822.05, a PE ratio of 115.87, a P/E/G ratio of 1.65 and a beta of 1.23. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.97 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 25th. The industrial products company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.39. Caterpillar had a net margin of 1.66% and a return on equity of 28.69%. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same period last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 34.7% on a year-over-year basis. analysts predict that Caterpillar Inc. will post 9.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, January 19th. Caterpillar’s dividend payout ratio is presently 247.62%.

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Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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