Tudor Financial Inc. Has $1.04 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Tudor Financial Inc. raised its holdings in Caterpillar Inc. (NYSE:CAT) by 31.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,878 shares of the industrial products company’s stock after acquiring an additional 694 shares during the quarter. Tudor Financial Inc.’s holdings in Caterpillar were worth $1,044,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. New Hampshire Trust raised its position in shares of Caterpillar by 2.1% in the fourth quarter. New Hampshire Trust now owns 12,048 shares of the industrial products company’s stock valued at $4,371,000 after purchasing an additional 245 shares during the period. Hoese & Co LLP bought a new position in Caterpillar during the fourth quarter worth $57,000. Cove Private Wealth LLC bought a new position in Caterpillar during the fourth quarter worth $511,000. Zhang Financial LLC increased its position in Caterpillar by 8.7% during the fourth quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company’s stock worth $3,322,000 after acquiring an additional 736 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in Caterpillar by 1.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 56,875 shares of the industrial products company’s stock worth $20,632,000 after acquiring an additional 561 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT opened at $386.03 on Tuesday. The firm has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The stock’s 50 day simple moving average is $380.09 and its 200 day simple moving average is $367.29. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. During the same quarter in the prior year, the firm posted $5.52 earnings per share. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.46%. Caterpillar’s payout ratio is currently 26.15%.

Insider Buying and Selling at Caterpillar

In other news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America boosted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Finally, Robert W. Baird boosted their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $380.60.

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.