Gouws Capital LLC Has $5.10 Million Position in Caterpillar Inc. (NYSE:CAT)

Gouws Capital LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,062 shares of the industrial products company's stock after acquiring an additional 1,405 shares during the period. Caterpillar comprises approximately 3.5% of Gouws Capital LLC's investment portfolio, making the stock its 12th largest holding. Gouws Capital LLC's holdings in Caterpillar were worth $5,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar in the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the third quarter valued at approximately $36,000. Finally, Albion Financial Group UT raised its stake in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after buying an additional 77 shares during the period. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

NYSE CAT traded up $9.96 on Friday, hitting $350.97. 3,061,142 shares of the company's stock were exchanged, compared to its average volume of 2,503,377. The stock has a 50-day moving average of $363.11 and a 200-day moving average of $372.57. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The stock has a market cap of $167.74 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.87 and a beta of 1.15.

Remove Ads

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Tuesday, January 21st. Caterpillar's payout ratio is 25.56%.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson upped their price objective on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley decreased their target price on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently 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.