27,926 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,926 shares of the industrial products company's stock, valued at approximately $10,130,000.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock valued at $285,382,000 after purchasing an additional 5,371 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of Caterpillar by 47.2% in the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after purchasing an additional 50 shares in the last quarter. Tudor Financial Inc. purchased a new stake in Caterpillar in the 3rd quarter worth approximately $854,000. Anchor Investment Management LLC raised its holdings in shares of Caterpillar by 2.9% during the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock worth $5,208,000 after acquiring an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC grew its stake in Caterpillar by 26.6% in the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock valued at $1,569,000 after purchasing an additional 843 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised 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 note on Monday, February 3rd. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Truist Financial dropped their target price on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. DA Davidson boosted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Citigroup reduced their price objective on Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $361.64.

Caterpillar Stock Up 1.3 %

CAT traded up $3.68 during trading on Friday, reaching $293.82. The company had a trading volume of 2,716,340 shares, compared to its average volume of 2,638,071. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The business's fifty day moving average price is $328.46 and its 200 day moving average price is $364.66. The company has a market cap of $140.42 billion, a P/E ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21.

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

Caterpillar Dividend Announcement

The firm 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 dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.92%. Caterpillar's dividend payout ratio is currently 25.56%.

Insider Activity at Caterpillar

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

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.