Harbor Capital Advisors Inc. Buys 237 Shares of Caterpillar Inc. (NYSE:CAT)

Harbor Capital Advisors Inc. lifted its stake in Caterpillar Inc. (NYSE:CAT) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,843 shares of the industrial products company’s stock after buying an additional 237 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Caterpillar were worth $3,933,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CAT. Fairscale Capital LLC bought a new position in shares of Caterpillar in the second quarter worth approximately $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar in the 3rd quarter valued at approximately $36,000. Kimelman & Baird LLC boosted its stake in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the last quarter. HWG Holdings LP bought a new stake in shares of Caterpillar in the 2nd quarter worth $54,000. Finally, SOA Wealth Advisors LLC. raised its stake in shares of Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now directly owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,868 shares of company stock worth $9,679,489. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. UBS Group boosted their target price on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Citigroup boosted their target price on shares of Caterpillar from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Evercore ISI lowered Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $384.33.

Caterpillar Trading Down 2.8 %

Shares of Caterpillar stock opened at $351.01 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a fifty day moving average of $382.16 and a 200 day moving average of $365.15. The company has a market capitalization of $169.47 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.92 and a beta of 1.13. Caterpillar Inc. has a fifty-two week low of $276.94 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the business posted $5.52 EPS. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal 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 paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.61%. Caterpillar’s payout ratio is 26.15%.

Caterpillar Company 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.