Saxon Interests Inc. Has $1.19 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Saxon Interests Inc. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,291 shares of the industrial products company’s stock after purchasing an additional 105 shares during the quarter. Saxon Interests Inc.’s holdings in Caterpillar were worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CAT. E Fund Management Co. Ltd. grew its position in Caterpillar by 301.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 3,091 shares of the industrial products company’s stock worth $1,030,000 after acquiring an additional 2,321 shares during the last quarter. Argent Trust Co grew its holdings in shares of Caterpillar by 1.3% during the second quarter. Argent Trust Co now owns 9,880 shares of the industrial products company’s stock worth $3,291,000 after purchasing an additional 126 shares during the last quarter. Seven Eight Capital LP acquired a new position in Caterpillar during the 2nd quarter worth about $523,000. Altrius Capital Management Inc grew its holdings in Caterpillar by 2.4% during the 2nd quarter. Altrius Capital Management Inc now owns 13,772 shares of the industrial products company’s stock worth $4,588,000 after acquiring an additional 318 shares during the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of Caterpillar by 1.4% in the second quarter. Garner Asset Management Corp now owns 2,277 shares of the industrial products company’s stock worth $759,000 after acquiring an additional 32 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now owns 4,976 shares in the company, valued at $2,079,968. This trade represents a 20.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,868 shares of company stock valued at $9,679,489. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $383.36 on Friday. Caterpillar Inc. has a 1 year low of $277.66 and a 1 year high of $418.50. The stock has a market cap of $185.09 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $380.24 and a two-hundred day moving average price of $366.36.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter in the previous year, the business posted $5.52 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a report on Monday, November 4th. Citigroup dropped their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Tuesday. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $380.60.

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.