Caterpillar Inc. (NYSE:CAT) Shares Bought by Mariner LLC

Mariner LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 231,214 shares of the industrial products company's stock after purchasing an additional 6,261 shares during the period. Mariner LLC's holdings in Caterpillar were worth $83,875,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Principal Financial Group Inc. increased its position in shares of Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after acquiring an additional 5,371 shares during the period. SOA Wealth Advisors LLC. raised its holdings 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 valued at $61,000 after acquiring an additional 50 shares in the last quarter. Tudor Financial Inc. purchased a new position in Caterpillar during the 3rd quarter valued at about $854,000. Anchor Investment Management LLC boosted its stake 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 valued at $5,208,000 after purchasing an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC increased its holdings in Caterpillar by 26.6% during 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 buying an additional 843 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CAT. Wedbush upgraded Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Truist Financial cut their price target 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. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, Citigroup decreased their price target on Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $361.64.

Caterpillar Price Performance

CAT traded up $3.68 during trading on Friday, hitting $293.82. The company's stock had a trading volume of 2,716,340 shares, compared to its average volume of 2,638,071. The business's fifty day simple moving average is $328.46 and its 200 day simple moving average is $364.66. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The firm has a market capitalization of $140.42 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.87 and a beta of 1.21. 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 earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) 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%. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.92%. Caterpillar's payout ratio is currently 25.56%.

Caterpillar Company 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.