Caterpillar Inc. (NYSE:CAT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 263,026 shares of the industrial products company's stock after purchasing an additional 3,317 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Caterpillar worth $95,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar during the 4th quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the 3rd quarter valued at about $36,000. Finally, Albion Financial Group UT grew its stake in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 77 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Up 2.9 %

Shares of CAT stock opened at $350.97 on Monday. The firm's 50-day simple moving average is $363.11 and its 200-day simple moving average is $372.98. The firm has a market cap of $167.74 billion, a P/E ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year 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.

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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 (EPS) 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%. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly 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. Corporate insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. Truist Financial lowered their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a report on Friday, December 6th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Evercore ISI upped their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $383.80.

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.

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