TCV Trust & Wealth Management Inc. Increases Position in Caterpillar Inc. (NYSE:CAT)

TCV Trust & Wealth Management Inc. grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 33.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,973 shares of the industrial products company’s stock after purchasing an additional 500 shares during the period. TCV Trust & Wealth Management Inc.’s holdings in Caterpillar were worth $716,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carnegie Investment Counsel lifted its holdings in shares of Caterpillar by 24.3% in the 3rd quarter. Carnegie Investment Counsel now owns 2,677 shares of the industrial products company’s stock worth $1,047,000 after acquiring an additional 524 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Caterpillar by 99.4% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,747 shares of the industrial products company’s stock worth $683,000 after purchasing an additional 871 shares during the period. Empirical Asset Management LLC lifted its stake in Caterpillar by 3.4% in the third quarter. Empirical Asset Management LLC now owns 1,373 shares of the industrial products company’s stock worth $537,000 after purchasing an additional 45 shares during the last quarter. Fiduciary Alliance LLC boosted its position in Caterpillar by 26.4% during the third quarter. Fiduciary Alliance LLC now owns 1,187 shares of the industrial products company’s stock valued at $464,000 after buying an additional 248 shares during the period. Finally, CX Institutional grew its stake in shares of Caterpillar by 872.0% during the third quarter. CX Institutional now owns 26,788 shares of the industrial products company’s stock valued at $10,477,000 after buying an additional 24,032 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a research report on Monday, January 13th. Bank of America cut their target price 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. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, DA Davidson raised their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $383.13.

Caterpillar Price Performance

CAT stock opened at $362.61 on Wednesday. The firm has a 50-day moving average of $375.80 and a 200 day moving average of $371.86. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market cap of $175.07 billion, a P/E ratio of 16.43, a PEG ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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, sell-side analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced 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 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares of the company’s stock, 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. 0.29% of the stock is owned by company insiders.

About Caterpillar

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.