Myriad Asset Management US LP Purchases New Stake in Caterpillar Inc. (NYSE:CAT)

Myriad Asset Management US LP bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,243 shares of the industrial products company's stock, valued at approximately $1,539,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Caterpillar by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company's stock valued at $3,987,206,000 after acquiring an additional 67,148 shares in the last quarter. Fisher Asset Management LLC grew its stake in Caterpillar by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company's stock valued at $3,501,554,000 after acquiring an additional 205,012 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company's stock valued at $1,418,793,000 after buying an additional 64,452 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Caterpillar by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company's stock valued at $1,262,290,000 after buying an additional 8,088 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company's stock valued at $8,356,930,000 after buying an additional 2,131,276 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $0.74 during trading hours on Wednesday, reaching $353.26. The stock had a trading volume of 2,210,863 shares, compared to its average volume of 2,399,368. The business's fifty day moving average is $370.89 and its two-hundred day moving average is $372.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market cap of $170.55 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.88 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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 return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts expect that Caterpillar Inc. will post 19.98 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is 25.56%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Evercore ISI boosted their price target on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday. Truist Financial lowered their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Robert W. Baird boosted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Citigroup boosted their target price on Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Two investment analysts have 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.com, Caterpillar currently has an average rating of "Hold" and an average price target of $383.80.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,704 shares of company stock worth $7,226,584 over the last three months. Company insiders own 0.29% of the company's stock.

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.