Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 144,094 Caterpillar Inc. (NYSE:CAT)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 144,094 shares of the industrial products company's stock, valued at approximately $52,272,000. Caterpillar accounts for 0.8% of Aware Super Pty Ltd as trustee of Aware Super's investment portfolio, making the stock its 16th largest position.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Caterpillar by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after buying an additional 284,366 shares during the last quarter. Geode Capital Management LLC lifted its stake in Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after acquiring an additional 236,315 shares during the period. Fisher Asset Management LLC boosted its holdings in Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock valued at $3,294,505,000 after acquiring an additional 129,143 shares in the last quarter. Norges Bank purchased a new position in Caterpillar during the 4th quarter valued at $2,184,364,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Caterpillar by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after purchasing an additional 61,723 shares during the period. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CAT shares. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and boosted their price target for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Truist Financial decreased their target price on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wedbush upgraded Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Hold" and a consensus target price of $373.20.

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Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Price Performance

CAT stock opened at $293.35 on Monday. The firm has a market capitalization of $140.20 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $333.97 and a two-hundred day simple moving average of $367.00.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.92%. Caterpillar's dividend payout ratio is currently 25.56%.

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.

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