Fiducient Advisors LLC Purchases New Shares in Caterpillar Inc. (NYSE:CAT)

Fiducient Advisors LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,216 shares of the industrial products company's stock, valued at approximately $1,529,000.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Nordea Investment Management AB raised its stake in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock valued at $231,686,000 after purchasing an additional 10,212 shares during the period. West Wealth Group LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $230,000. Cadinha & Co. LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $11,084,000. Atomi Financial Group Inc. raised its holdings in shares of Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock worth $8,414,000 after buying an additional 871 shares during the period. Finally, Copley Financial Group Inc. bought a new stake in Caterpillar during the 3rd quarter valued at about $800,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CAT. Morgan Stanley reduced their price objective on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Wedbush raised shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Truist Financial reduced their price objective on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America decreased their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Citigroup lowered their price objective on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average target price of $365.87.

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Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was acquired 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 directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 6,275 shares of the company's stock, valued at $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 corporate insiders.

Caterpillar Price Performance

CAT stock traded down $4.75 on Tuesday, reaching $293.37. The company had a trading volume of 3,610,257 shares, compared to its average volume of 2,634,457. The company has a market cap of $140.21 billion, a P/E ratio of 13.29, a PEG ratio of 1.87 and a beta of 1.21. The company's fifty day moving average is $331.31 and its 200 day moving average is $365.85. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year 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 posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid 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 1.92%. Caterpillar's dividend payout ratio is currently 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.