Rhumbline Advisers Buys 22,848 Shares of Caterpillar Inc. (NYSE:CAT)

Rhumbline Advisers boosted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 888,409 shares of the industrial products company's stock after acquiring an additional 22,848 shares during the quarter. Rhumbline Advisers owned 0.18% of Caterpillar worth $322,279,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. Creative Planning lifted its stake in shares of Caterpillar by 1.7% in the third quarter. Creative Planning now owns 227,915 shares of the industrial products company's stock worth $89,142,000 after buying an additional 3,772 shares in the last quarter. Bfsg LLC boosted its position in shares of Caterpillar by 15.3% during the 3rd quarter. Bfsg LLC now owns 317 shares of the industrial products company's stock worth $124,000 after purchasing an additional 42 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Caterpillar by 3.3% during the third quarter. Cornerstone Wealth Management LLC now owns 3,903 shares of the industrial products company's stock worth $1,527,000 after buying an additional 126 shares during the period. Bleakley Financial Group LLC boosted its holdings in Caterpillar by 1.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,224 shares of the industrial products company's stock valued at $7,519,000 after acquiring an additional 281 shares during the period. Finally, Teamwork Financial Advisors LLC lifted its position in shares of Caterpillar by 5.5% during the third quarter. Teamwork Financial Advisors LLC now owns 40,346 shares of the industrial products company's stock worth $15,780,000 after purchasing an additional 2,087 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Caterpillar stock traded down $0.74 during mid-day trading on Wednesday, hitting $353.26. 2,210,863 shares of the company's stock traded hands, compared to its average volume of 2,399,368. The firm has a 50 day moving average price of $370.89 and a 200 day moving average price of $372.54. The company has a market cap of $170.55 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. 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 (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. On average, equities analysts forecast that Caterpillar Inc. will post 19.98 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

Analysts Set New Price Targets

Several research analysts recently commented on CAT shares. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Robert W. Baird upped their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a report on Friday, January 31st. Finally, StockNews.com raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and a consensus target price of $383.80.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,704 shares of company stock worth $7,226,584. 0.29% of the stock is owned by corporate 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.