Greenwood Gearhart Inc. Has $12.43 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Greenwood Gearhart Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,252 shares of the industrial products company's stock after buying an additional 1,177 shares during the period. Greenwood Gearhart Inc.'s holdings in Caterpillar were worth $12,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The purchase was disclosed in a filing with the SEC, 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 completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAT has been the topic of several recent research reports. Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $300.00 to $283.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $361.64.

Caterpillar Stock Performance

CAT stock traded up $3.68 during trading on Friday, hitting $293.82. 2,716,340 shares of the company's stock traded hands, compared to its average volume of 2,639,101. The stock has a market capitalization of $140.42 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The stock has a fifty day moving average price of $327.08 and a two-hundred day moving average price of $363.98. 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 issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. Caterpillar's dividend payout ratio (DPR) is 25.56%.

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.