Lifeworks Advisors LLC Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Lifeworks Advisors LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,380 shares of the industrial products company's stock after acquiring an additional 1,120 shares during the period. Lifeworks Advisors LLC's holdings in Caterpillar were worth $3,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Intellectus Partners LLC lifted its stake in shares of Caterpillar by 1.6% in the 4th quarter. Intellectus Partners LLC now owns 5,810 shares of the industrial products company's stock valued at $2,108,000 after purchasing an additional 90 shares during the period. Larson Financial Group LLC lifted its stake in shares of Caterpillar by 2.2% in the 4th quarter. Larson Financial Group LLC now owns 4,430 shares of the industrial products company's stock valued at $1,607,000 after purchasing an additional 97 shares during the period. Blankinship & Foster LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $512,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Caterpillar in the 4th quarter valued at $4,825,000. Finally, Banco Santander S.A. lifted its stake in shares of Caterpillar by 5.6% in the 4th quarter. Banco Santander S.A. now owns 96,819 shares of the industrial products company's stock valued at $35,122,000 after purchasing an additional 5,112 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 2.9 %

Shares of CAT stock traded up $9.96 on Friday, hitting $350.97. 3,061,142 shares of the stock traded hands, compared to its average volume of 2,503,377. The firm's 50-day moving average price is $363.11 and its two-hundred day moving average price is $372.98. 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 $167.74 billion, a PE ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

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Caterpillar (NYSE:CAT - Get Free Report) last posted 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%. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

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

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 owns 45,182 shares of the company's stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson purchased 100 shares of Caterpillar 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 transaction, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CAT. Citigroup boosted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. DA Davidson boosted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Truist Financial cut their price target on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Finally, StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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.