Capital International Inc. CA Increases Position in Caterpillar Inc. (NYSE:CAT)

Capital International Inc. CA boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,649 shares of the industrial products company's stock after purchasing an additional 10,027 shares during the period. Capital International Inc. CA's holdings in Caterpillar were worth $47,031,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its holdings in shares of Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $230,000. Cadinha & Co. LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at $11,084,000. Atomi Financial Group Inc. boosted its holdings in Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after acquiring an additional 871 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new stake in Caterpillar during the 3rd quarter worth about $800,000. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

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

Caterpillar Price Performance

CAT stock traded up $6.20 during midday trading on Wednesday, reaching $297.37. The company had a trading volume of 1,340,703 shares, compared to its average volume of 2,634,968. 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 company has a market capitalization of $142.12 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The stock has a 50 day moving average price of $324.47 and a 200-day moving average price of $362.29. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.90%. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAT. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. DA Davidson dropped their target price on shares of Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday. Bank of America lowered their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, Truist Financial decreased their price objective on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $359.36.

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.