Martingale Asset Management L P Has $2.23 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Martingale Asset Management L P reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 28.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,133 shares of the industrial products company's stock after selling 2,430 shares during the period. Martingale Asset Management L P's holdings in Caterpillar were worth $2,225,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CAT. Vanguard Group Inc. grew its holdings in shares of Caterpillar by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Caterpillar by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock valued at $3,790,841,000 after acquiring an additional 236,315 shares in the last quarter. Fisher Asset Management LLC grew its stake in Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after purchasing an additional 129,143 shares in the last quarter. Norges Bank bought a new position in shares of Caterpillar during the 4th quarter worth $2,184,364,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after acquiring an additional 61,723 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

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Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, 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. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com lowered Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. DA Davidson lifted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Truist Financial reduced their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Caterpillar presently has a consensus rating of "Hold" and an average price target of $365.87.

Caterpillar Stock Down 0.1 %

CAT stock traded down $0.16 during midday trading on Tuesday, reaching $297.96. The company had a trading volume of 1,041,891 shares, compared to its average volume of 2,777,174. The company has a market capitalization of $142.40 billion, a P/E ratio of 13.50, a PEG 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 current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a 50 day moving average of $332.75 and a two-hundred day moving average of $366.35.

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, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is currently 25.56%.

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.