Swarthmore Group Inc. Has $11.04 Million Stake in Caterpillar Inc. (CAT)

Swarthmore Group Inc. grew its position in Caterpillar Inc. (NYSE:CAT) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,075 shares of the industrial products company’s stock after purchasing an additional 1,200 shares during the quarter. Caterpillar comprises approximately 2.4% of Swarthmore Group Inc.’s investment portfolio, making the stock its 8th biggest position. Swarthmore Group Inc.’s holdings in Caterpillar were worth $11,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Motco grew its position in shares of Caterpillar by 264.9% in the second quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Acrospire Investment Management LLC grew its position in Caterpillar by 900.0% during the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the industrial products company’s stock worth $107,000 after buying an additional 900 shares in the last quarter. Massey Quick Simon & CO. LLC grew its position in Caterpillar by 4,240.7% during the third quarter. Massey Quick Simon & CO. LLC now owns 1,172 shares of the industrial products company’s stock worth $146,000 after buying an additional 1,145 shares in the last quarter. Blue Chip Partners Inc. acquired a new stake in Caterpillar during the second quarter worth approximately $136,000. Finally, First American Trust FSB acquired a new stake in Caterpillar during the fourth quarter worth approximately $204,000. 68.55% of the stock is currently owned by institutional investors.

In other news, CFO Bradley M. Halverson sold 17,210 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $137.33, for a total value of $2,363,449.30. Following the completion of the transaction, the chief financial officer now directly owns 7,814 shares in the company, valued at approximately $1,073,096.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradley M. Halverson sold 2,600 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $137.67, for a total value of $357,942.00. Following the completion of the transaction, the insider now owns 5,214 shares of the company’s stock, valued at $717,811.38. The disclosure for this sale can be found here. Insiders have sold 52,989 shares of company stock valued at $7,235,850 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

A number of brokerages recently issued reports on CAT. Credit Suisse Group increased their price target on Caterpillar from $155.00 to $192.00 and gave the stock a “positive” rating in a research report on Friday. Wells Fargo & Co increased their price target on Caterpillar from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Berenberg Bank began coverage on Caterpillar in a research report on Thursday. They set a “buy” rating and a $200.00 price target on the stock. Vetr raised Caterpillar from a “strong sell” rating to a “sell” rating and set a $151.72 price target on the stock in a research report on Monday. Finally, Bank of America reissued a “buy” rating and set a $189.00 price target (up previously from $158.00) on shares of Caterpillar in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $154.84.

Shares of Caterpillar Inc. (NYSE CAT) opened at $168.83 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.04 and a current ratio of 1.44. Caterpillar Inc. has a 12 month low of $90.34 and a 12 month high of $173.24. The firm has a market capitalization of $100,440.00, a price-to-earnings ratio of 117.24, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar had a return on equity of 23.22% and a net margin of 2.09%. The firm had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 24.6% on a year-over-year basis. equities analysts anticipate that Caterpillar Inc. will post 6.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 22nd will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, January 19th. Caterpillar’s payout ratio is presently 216.67%.

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About Caterpillar

Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through segments, including Construction Industries, which is engaged in supporting customers using machinery in infrastructure, forestry and building construction; Resource Industries, which is engaged in supporting customers using machinery in mining, quarry, waste and material handling applications; Energy & Transportation, which supports customers in oil and gas, power generation, marine, rail and industrial applications, including Cat machines; Financial Products segment, which provides financing and related services, and All Other operating segments, which includes activities, such as product management and development, and manufacturing of filters and fluids, undercarriage, tires and rims, ground engaging tools, fluid transfer products, and sealing and connecting components for Cat products.

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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