Clean Yield Group Has $79,000 Holdings in Caterpillar Inc. (NYSE:CAT)

Clean Yield Group decreased its position in Caterpillar Inc. (NYSE:CAT) by 13.1% in the fourth quarter, HoldingsChannel reports. The firm owned 218 shares of the industrial products company’s stock after selling 33 shares during the period. Clean Yield Group’s holdings in Caterpillar were worth $79,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Oppenheimer Asset Management Inc. increased its holdings in Caterpillar by 59.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,641 shares of the industrial products company’s stock worth $12,871,000 after buying an additional 14,382 shares during the last quarter. Lyell Wealth Management LP grew its holdings in shares of Caterpillar by 2.4% during the second quarter. Lyell Wealth Management LP now owns 35,367 shares of the industrial products company’s stock worth $11,781,000 after purchasing an additional 820 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Caterpillar by 1.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,318,999 shares of the industrial products company’s stock valued at $439,359,000 after acquiring an additional 12,979 shares in the last quarter. Wilkins Investment Counsel Inc. boosted its position in Caterpillar by 6.1% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 3,220 shares of the industrial products company’s stock valued at $1,073,000 after buying an additional 185 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Caterpillar by 1,342.4% during the second quarter. WINTON GROUP Ltd now owns 53,469 shares of the industrial products company’s stock worth $17,811,000 after acquiring an additional 49,762 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a report on Monday. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Robert W. Baird upped their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average target price of $384.33.

Caterpillar Stock Up 3.0 %

Shares of CAT stock traded up $10.61 on Monday, hitting $361.61. 1,473,860 shares of the stock were exchanged, compared to its average volume of 1,769,101. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $382.16 and a 200 day moving average of $365.69. The firm has a market capitalization of $174.59 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the company posted $5.52 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.56%. Caterpillar’s payout ratio is presently 26.15%.

Insider Buying and Selling at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,664 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

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.