Roxbury Financial LLC Makes New $1.21 Million Investment in Caterpillar Inc. (NYSE:CAT)

Roxbury Financial LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,346 shares of the industrial products company’s stock, valued at approximately $1,214,000. Caterpillar makes up about 1.2% of Roxbury Financial LLC’s holdings, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its position in Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC purchased a new position in shares of Caterpillar in the fourth quarter worth about $230,000. Citizens Financial Group Inc. RI lifted its stake in shares of Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after acquiring an additional 4,181 shares during the last quarter. Cadinha & Co. LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $11,084,000. Finally, Atomi Financial Group Inc. boosted its stake in shares of Caterpillar by 3.9% during the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock valued at $8,414,000 after purchasing an additional 871 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.1 %

Shares of NYSE CAT opened at $353.31 on Friday. The company has a market cap of $170.58 billion, a PE ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm’s 50 day moving average price is $373.30 and its 200-day moving average price is $371.69. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts expect that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is presently 25.56%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upped their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. reduced their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Morgan Stanley reduced their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $383.13.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.