Drum Hill Capital LLC Invests $274,000 in Caterpillar Inc. (NYSE:CAT)

Drum Hill Capital LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 755 shares of the industrial products company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Goldstone Financial Group LLC purchased a new position in Caterpillar in the 3rd quarter valued at about $619,000. McAdam LLC lifted its position in shares of Caterpillar by 27.8% in the third quarter. McAdam LLC now owns 856 shares of the industrial products company’s stock valued at $335,000 after acquiring an additional 186 shares in the last quarter. Global Trust Asset Management LLC boosted its stake in shares of Caterpillar by 0.7% in the third quarter. Global Trust Asset Management LLC now owns 9,397 shares of the industrial products company’s stock worth $3,675,000 after acquiring an additional 68 shares during the last quarter. DT Investment Partners LLC increased its position in shares of Caterpillar by 0.8% during the third quarter. DT Investment Partners LLC now owns 12,654 shares of the industrial products company’s stock worth $4,949,000 after purchasing an additional 97 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV raised its stake in Caterpillar by 3.2% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 4,626 shares of the industrial products company’s stock valued at $1,809,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 18,704 shares of company stock valued at $7,226,584. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 2.7 %

Shares of CAT opened at $339.84 on Friday. The company’s 50-day moving average price is $369.54 and its 200 day moving average price is $372.24. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market cap of $162.42 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.66%. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CAT. Citigroup lifted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. 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 research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target of $383.80.

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.