Lmcg Investments LLC Has $11.31 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Lmcg Investments LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,178 shares of the industrial products company's stock after selling 748 shares during the period. Lmcg Investments LLC's holdings in Caterpillar were worth $11,310,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the 4th quarter valued at $34,000. Fairscale Capital LLC bought a new position in Caterpillar during the 2nd quarter valued at $36,000. Capital Performance Advisors LLP bought a new position in Caterpillar during the 3rd quarter valued at $36,000. Kimelman & Baird LLC boosted its stake in Caterpillar by 42.9% during the 3rd 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 during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CAT. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial reduced their target price on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Evercore ISI raised shares of Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 target price for the company in a research note on Monday, January 13th. Finally, Bank of America boosted their target price on shares of Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $380.60.

Caterpillar Stock Performance

NYSE:CAT traded up $17.32 during trading hours on Tuesday, hitting $401.93. 1,365,226 shares of the company traded hands, compared to its average volume of 1,987,991. Caterpillar Inc. has a twelve month low of $286.10 and a twelve month high of $418.50. The stock has a market capitalization of $194.05 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.91 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $379.88 and a 200 day moving average of $367.68.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.52 EPS. On average, analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar's dividend payout ratio is currently 26.15%.

Insiders Place Their Bets

In other news, Director Daniel M. Dickinson sold 1,300 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now owns 4,976 shares of the company's stock, valued at approximately $2,079,968. This trade represents a 20.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 33,868 shares of company stock valued at $13,480,389 in the last 90 days. 0.29% of the stock is currently owned by insiders.

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.