Caterpillar Inc. (NYSE:CAT) Shares Purchased by F M Investments LLC

F M Investments LLC grew its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,159 shares of the industrial products company's stock after purchasing an additional 7,595 shares during the quarter. F M Investments LLC's holdings in Caterpillar were worth $14,205,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CAT. Morgan Stanley cut their price target on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Wedbush upgraded Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. DA Davidson boosted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Citigroup cut their price target on Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Caterpillar has an average rating of "Hold" and a consensus target price of $365.87.

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Caterpillar Trading Up 1.5 %

CAT stock traded up $4.30 on Monday, reaching $297.75. The company's stock had a trading volume of 1,020,021 shares, compared to its average volume of 2,622,302. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month 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. The business has a fifty day simple moving average of $333.97 and a two-hundred day simple moving average of $367.00. The firm has a market cap of $142.30 billion, a PE ratio of 13.49, a PEG ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.89%. Caterpillar's payout ratio is currently 25.56%.

Insider Buying and Selling at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.