Capital International Sarl Lowers Holdings in Caterpillar Inc. (NYSE:CAT)

Capital International Sarl lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,021 shares of the industrial products company's stock after selling 2,923 shares during the quarter. Caterpillar accounts for about 1.0% of Capital International Sarl's holdings, making the stock its 26th largest position. Capital International Sarl's holdings in Caterpillar were worth $42,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. FSM Wealth Advisors LLC increased its position in Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares in the last quarter. Allen Capital Group LLC raised its holdings in Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after buying an additional 26 shares during the period. Wagner Wealth Management LLC boosted its stake in Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after purchasing an additional 26 shares during the period. Channel Wealth LLC lifted its position in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after purchasing an additional 27 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. increased its holdings in Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT traded up $5.14 during trading hours on Wednesday, reaching $296.31. 1,063,918 shares of the stock traded hands, compared to its average volume of 2,633,805. The company has a market capitalization of $141.62 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company's 50-day simple moving average is $324.47 and its two-hundred day simple moving average is $362.29. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate 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 forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Wall Street Analyst Weigh In

CAT has been the topic of several research reports. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. DA Davidson dropped their price target on Caterpillar from $357.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday. Bank of America cut their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $359.36.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This trade 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 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.