HB Wealth Management LLC lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,804 shares of the industrial products company's stock after acquiring an additional 1,294 shares during the period. HB Wealth Management LLC's holdings in Caterpillar were worth $13,714,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock valued at $8,356,930,000 after acquiring an additional 2,131,276 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Caterpillar by 3,319.7% in the 2nd quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock worth $91,606,000 after acquiring an additional 266,969 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in shares of Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock worth $99,874,000 after purchasing an additional 249,155 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Caterpillar by 2.3% during the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock valued at $3,501,554,000 after purchasing an additional 205,012 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Caterpillar by 34.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company's stock valued at $305,908,000 after purchasing an additional 200,210 shares during the period. 70.98% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on CAT. Citigroup reduced their price objective on shares of Caterpillar from $460.00 to $420.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Friday. Evercore ISI upgraded shares of Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 price target on the stock in a report on Monday, January 13th. Truist Financial decreased their price objective on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a report on Thursday. Finally, UBS Group raised their target price on Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $380.60.
Get Our Latest Analysis on CAT
Caterpillar Stock Performance
Shares of NYSE CAT traded up $5.48 during trading hours on Friday, reaching $386.03. The stock had a trading volume of 2,596,820 shares, compared to its average volume of 1,595,788. Caterpillar Inc. has a twelve month low of $277.66 and a twelve month high of $418.50. The company has a market cap of $186.38 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The business's fifty day moving average is $380.09 and its two-hundred day moving average is $367.29.
Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the previous year, the company posted $5.52 EPS. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.
Caterpillar Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.46%. Caterpillar's dividend payout ratio (DPR) is 26.15%.
Insiders Place Their Bets
In related news, insider Cheryl H. Johnson sold 2,664 shares of Caterpillar stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 12,657 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,868 shares of company stock valued at $13,480,389. Insiders own 0.29% of the company's stock.
About Caterpillar
(
Free Report)
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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