Handelsbanken Fonder AB Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Handelsbanken Fonder AB boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,322 shares of the industrial products company's stock after acquiring an additional 5,178 shares during the period. Handelsbanken Fonder AB's holdings in Caterpillar were worth $35,305,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CAT. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new stake in Caterpillar in the third quarter worth $36,000. Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Kimelman & Baird LLC increased its holdings in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 30 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CAT shares. Evercore ISI increased their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Jefferies Financial Group boosted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Morgan Stanley cut their target price on Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial decreased their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $383.80.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $9.31 during midday trading on Friday, hitting $339.84. 3,219,133 shares of the company's stock traded hands, compared to its average volume of 2,416,826. The firm has a fifty day moving average of $369.54 and a 200 day moving average of $372.24. Caterpillar Inc. has a 1 year low of $307.05 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. The stock has a market capitalization of $162.42 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last announced its 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 net margin of 16.65% and a return on equity of 58.18%. On average, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now directly owns 33,565 shares of the company's stock, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,704 shares of company stock valued at $7,226,584. Company insiders own 0.29% of the company's stock.

Caterpillar 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.