Concurrent Investment Advisors LLC Has $9.34 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Concurrent Investment Advisors LLC grew its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,747 shares of the industrial products company's stock after purchasing an additional 3,921 shares during the period. Concurrent Investment Advisors LLC's holdings in Caterpillar were worth $9,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Caterpillar by 39,534.0% in the third quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock worth $8,356,930,000 after acquiring an additional 2,131,276 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock valued at $99,874,000 after buying an additional 249,155 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Caterpillar by 36,168.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company's stock worth $82,361,000 after acquiring an additional 226,415 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Caterpillar by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock valued at $3,501,554,000 after acquiring an additional 205,012 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Caterpillar by 34.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company's stock worth $305,908,000 after purchasing an additional 200,210 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the business's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares of the company's stock, valued at approximately $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock worth $7,226,584 over the last three months. Company insiders own 0.29% of the company's stock.

Caterpillar Price Performance

Shares of CAT stock traded down $9.31 during mid-day trading on Friday, reaching $339.84. The company's stock had a trading volume of 3,219,133 shares, compared to its average volume of 2,416,826. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm's 50-day moving average is $369.54 and its two-hundred day moving average is $372.24. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market cap of $162.42 billion, a P/E ratio of 15.40, a PEG ratio of 1.89 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 net margin of 16.65% and a return on equity of 58.18%. On average, research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar's dividend payout ratio is 25.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. Truist Financial decreased their price objective on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday. Finally, DA Davidson upped their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $383.80.

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.