Alpha Cubed Investments LLC grew its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,141 shares of the industrial products company's stock after acquiring an additional 8,575 shares during the quarter. Caterpillar comprises about 2.1% of Alpha Cubed Investments LLC's portfolio, making the stock its 15th biggest position. Alpha Cubed Investments LLC's holdings in Caterpillar were worth $45,396,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Caterpillar during the 3rd quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the 4th quarter valued at approximately $34,000. Fairscale Capital LLC acquired a new stake in shares of Caterpillar during the second quarter worth $36,000. Kimelman & Baird LLC raised its stake in Caterpillar by 42.9% in the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in shares of Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 65 shares during the period. 70.98% of the stock is owned by institutional investors.
Caterpillar Price Performance
CAT traded up $12.55 during midday trading on Tuesday, hitting $397.16. 2,207,301 shares of the company traded hands, compared to its average volume of 2,063,986. The company has a market capitalization of $191.75 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.91 and a beta of 1.13. Caterpillar Inc. has a 52-week low of $286.10 and a 52-week high of $418.50. The business has a 50 day simple moving average of $379.88 and a two-hundred day simple moving average of $367.68. 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 (NYSE:CAT - Get Free Report) last announced its 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). The firm had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. Caterpillar's revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.52 EPS. On average, equities analysts forecast that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.42%. Caterpillar's dividend payout ratio (DPR) is presently 26.15%.
Analyst Ratings Changes
A number of brokerages recently commented on CAT. JPMorgan Chase & Co. upped their target price on Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Citigroup cut their price objective on shares of Caterpillar from $460.00 to $420.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a research report on Monday, November 4th. 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 note on Monday, January 13th. Finally, Truist Financial lowered their target price on Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $380.60.
Check Out Our Latest Research Report on Caterpillar
Insider Activity
In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at $642,332.28. This represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last three months. 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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