Capital Group Investment Management PTE. LTD. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,039 shares of the industrial products company's stock after selling 1,320 shares during the quarter. Caterpillar comprises approximately 1.2% of Capital Group Investment Management PTE. LTD.'s investment portfolio, making the stock its 23rd largest holding. Capital Group Investment Management PTE. LTD.'s holdings in Caterpillar were worth $6,181,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of CAT. Principal Financial Group Inc. increased its stake in shares of Caterpillar by 0.7% in 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. grew its position in Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after purchasing an additional 50 shares during the period. Tudor Financial Inc. purchased a new position in shares of Caterpillar during the 3rd quarter valued at about $854,000. Anchor Investment Management LLC raised its stake in shares of Caterpillar by 2.9% during the 3rd quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock valued at $5,208,000 after buying an additional 376 shares during the last quarter. Finally, World Investment Advisors LLC raised its position 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 acquiring an additional 843 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently commented on CAT shares. DA Davidson dropped their price objective on shares of Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday. Wedbush upgraded Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $359.36.
Check Out Our Latest Report on Caterpillar
Insider Buying and Selling at Caterpillar
In related news, Director Gerald Johnson bought 100 shares of the firm'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 acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated 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 owns 6,275 shares in the company, 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. 0.29% of the stock is currently owned by corporate insiders.
Caterpillar Trading Up 2.4 %
NYSE:CAT traded up $6.98 on Wednesday, hitting $298.15. The stock had a trading volume of 1,143,925 shares, compared to its average volume of 2,634,083. The company has a fifty day moving average price of $324.47 and a two-hundred day moving average price of $362.29. The stock has a market cap of $142.50 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 1.87 and a beta of 1.21. 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 Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.89%. Caterpillar's dividend payout ratio is presently 25.56%.
Caterpillar Company Profile
(
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.
Featured Articles
Before you consider Caterpillar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.
While Caterpillar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
