Caterpillar Inc. (NYSE:CAT) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,824 shares of the industrial products company's stock after selling 2,839 shares during the period. Bessemer Group Inc. owned about 0.08% of Caterpillar worth $137,423,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAT. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $34,000. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CAT. Citigroup cut their price target on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Truist Financial lowered their target price on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $365.87.

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Caterpillar Stock Performance

NYSE CAT traded up $4.30 on Monday, reaching $297.75. 1,020,021 shares of the stock were exchanged, compared to its average volume of 2,622,302. The firm has a market capitalization of $142.30 billion, a PE ratio of 13.49, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company's 50-day simple moving average is $333.97 and its two-hundred day simple moving average is $367.00. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

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

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 25.56%.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares of the company's stock, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar 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.