Dnca Finance Sells 6,400 Shares of Caterpillar Inc. (NYSE:CAT)

Dnca Finance lessened its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 13.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,000 shares of the industrial products company's stock after selling 6,400 shares during the period. Caterpillar comprises approximately 1.1% of Dnca Finance's holdings, making the stock its 27th biggest holding. Dnca Finance's holdings in Caterpillar were worth $14,510,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the period. Geode Capital Management LLC lifted its stake in shares of Caterpillar by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock valued at $3,790,841,000 after purchasing an additional 236,315 shares during the period. Fisher Asset Management LLC boosted its position in shares of Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after purchasing an additional 129,143 shares during the last quarter. Norges Bank bought a new stake in Caterpillar in the fourth quarter valued at about $2,184,364,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock valued at $1,193,154,000 after buying an additional 61,723 shares during the period. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on CAT. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $300.00 to $283.00 in a research note on Wednesday, April 16th. Evercore ISI lifted their price target on shares of 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 note on Tuesday, February 25th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Finally, Truist Financial dropped their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $359.36.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Stock Performance

NYSE:CAT traded up $7.74 during mid-day trading on Wednesday, hitting $298.91. 1,236,703 shares of the stock were exchanged, compared to its average volume of 2,634,562. The firm's 50-day simple moving average is $324.47 and its 200 day simple moving average is $362.29. The stock has a market capitalization of $142.86 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced 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. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is presently 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.