J. Safra Sarasin Holding AG Has $24.76 Million Stake in Caterpillar Inc. (NYSE:CAT)

J. Safra Sarasin Holding AG reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,267 shares of the industrial products company's stock after selling 4,063 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Caterpillar were worth $24,764,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after acquiring an additional 5,371 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after buying an additional 50 shares during the period. Tudor Financial Inc. acquired a new stake in Caterpillar in the 3rd quarter valued at approximately $854,000. Anchor Investment Management LLC boosted its position in Caterpillar by 2.9% during the 3rd quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock worth $5,208,000 after acquiring an additional 376 shares during the period. Finally, World Investment Advisors LLC raised its stake in shares of Caterpillar by 26.6% during the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock valued at $1,569,000 after purchasing an additional 843 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Up 3.8 %

Shares of NYSE:CAT traded up $11.12 during trading on Thursday, reaching $306.89. 2,873,592 shares of the company traded hands, compared to its average volume of 2,641,834. The firm has a market cap of $146.67 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $323.33 and a 200 day simple moving average of $361.84.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is presently 25.56%.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on 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 acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Truist Financial lowered their target price on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup reduced their price objective on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $359.36.

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.