MGO One Seven LLC Grows Position in Caterpillar Inc. (NYSE:CAT)

MGO One Seven LLC grew its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,010 shares of the industrial products company's stock after acquiring an additional 3,997 shares during the quarter. MGO One Seven LLC's holdings in Caterpillar were worth $5,082,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the company. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Finally, Truist Financial reduced 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Caterpillar has an average rating of "Hold" and a consensus target price of $359.36.

Caterpillar Trading Up 2.2 %

CAT opened at $291.00 on Wednesday. The firm's 50 day moving average is $324.47 and its 200-day moving average is $362.29. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week 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 market capitalization of $139.08 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.87 and a beta of 1.21.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.94%. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

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.

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