Asset Management One Co. Ltd. Sells 2,555 Shares of Caterpillar Inc. (NYSE:CAT)

Asset Management One Co. Ltd. lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 310,604 shares of the industrial products company's stock after selling 2,555 shares during the period. Asset Management One Co. Ltd. owned 0.06% of Caterpillar worth $113,327,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FSM Wealth Advisors LLC raised its position in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after purchasing an additional 25 shares during the period. Smallwood Wealth Investment Management LLC raised its holdings in Caterpillar by 2.6% during the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,037 shares of the industrial products company's stock valued at $405,000 after acquiring an additional 26 shares during the period. 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 valued at $1,541,000 after acquiring an additional 26 shares during the period. Wagner Wealth Management LLC raised its holdings in Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after acquiring an additional 26 shares during the period. Finally, First Bank & Trust lifted its holdings in Caterpillar by 4.0% during the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company's stock worth $277,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CAT. StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. lowered their price objective on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of "Hold" and a consensus price target of $383.13.

Caterpillar Trading Down 0.1 %

Shares of NYSE:CAT traded down $0.39 on Monday, reaching $353.31. 2,043,603 shares of the company traded hands, compared to its average volume of 2,476,759. The business's 50-day simple moving average is $372.47 and its 200 day simple moving average is $372.14. 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 Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The stock has a market capitalization of $170.58 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities analysts anticipate that Caterpillar Inc. will post 20.05 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value 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. This trade represents a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the business's 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 transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

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.