Coldstream Capital Management Inc. Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Coldstream Capital Management Inc. grew its holdings in Caterpillar Inc. (NYSE:CAT) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,977 shares of the industrial products company’s stock after purchasing an additional 353 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Caterpillar were worth $9,423,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CAT shares. Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Morgan Stanley upgraded Caterpillar from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Bank of America decreased their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $359.36.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $306.33 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a 50-day simple moving average of $321.41 and a 200-day simple moving average of $360.65. 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 stock has a market capitalization of $146.40 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.87 and a beta of 1.21.

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

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

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.