Kera Capital Partners Inc. purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 650 shares of the industrial products company's stock, valued at approximately $236,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Caterpillar by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock valued at $3,987,206,000 after buying an additional 67,148 shares during the period. Fisher Asset Management LLC increased its stake in shares of Caterpillar by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock worth $3,501,554,000 after purchasing an additional 205,012 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Caterpillar by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 3,862,443 shares of the industrial products company's stock worth $1,286,582,000 after purchasing an additional 75,973 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock worth $1,418,793,000 after purchasing an additional 64,452 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Caterpillar by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company's stock worth $1,262,290,000 after purchasing an additional 8,088 shares in the last quarter. 70.98% of the stock is owned by institutional investors.
Analyst Ratings Changes
CAT has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research note on Thursday, October 31st. Evercore ISI upgraded Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price target for the company in a research note on Monday, January 13th. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Friday. Bank of America increased their price target on Caterpillar from $376.00 to $434.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Finally, Truist Financial cut their price target on Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $380.60.
Get Our Latest Stock Report on CAT
Caterpillar Trading Up 1.4 %
Shares of NYSE:CAT traded up $5.48 during trading on Friday, reaching $386.03. The company's stock had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 12 month low of $277.66 and a 12 month high of $418.50. The firm's 50 day simple moving average is $380.09 and its two-hundred day simple moving average is $367.29. The stock has a market capitalization of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.52 EPS. On average, research analysts predict that Caterpillar Inc. will post 21.68 EPS for the current fiscal year.
Caterpillar Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar's payout ratio is currently 26.15%.
Insiders Place Their Bets
In other news, CAO William E. Schaupp sold 968 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The shares were bought 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 owns 2,953 shares of the company's stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 33,868 shares of company stock valued at $13,480,389 over the last 90 days. Insiders own 0.29% of the company's stock.
About Caterpillar
(
Free Report)
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.
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