Caterpillar Inc. (NYSE:CAT) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 635,750 shares of the industrial products company's stock after purchasing an additional 10,212 shares during the quarter. Nordea Investment Management AB owned approximately 0.13% of Caterpillar worth $231,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in 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 acquiring an additional 2,131,276 shares during the last quarter. Altshuler Shaham Ltd grew its position in shares of Caterpillar by 3,319.7% during the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company's stock valued at $91,606,000 after purchasing an additional 266,969 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in shares of Caterpillar by 4,018.6% in the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company's stock worth $99,874,000 after buying an additional 249,155 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Caterpillar by 2.3% during the third 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 buying an additional 205,012 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Caterpillar by 34.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company's stock valued at $305,908,000 after buying an additional 200,210 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

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Insider Activity

In other news, insider Cheryl H. Johnson sold 2,664 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $378.84, for a total value of $1,009,229.76. Following the sale, the insider now directly owns 12,951 shares in the company, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now directly owns 1,686 shares of the company's stock, valued at $642,332.28. The trade was a 36.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Trading Down 0.3 %

Shares of NYSE:CAT traded down $0.96 during trading on Tuesday, reaching $363.24. 1,607,385 shares of the company were exchanged, compared to its average volume of 1,598,466. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market capitalization of $175.37 billion, a PE ratio of 16.84, a P/E/G ratio of 1.92 and a beta of 1.13. The business's fifty day simple moving average is $383.90 and its 200-day simple moving average is $364.82. Caterpillar Inc. has a 12-month low of $276.94 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the firm earned $5.52 earnings per share. The company's revenue for the quarter was down 4.2% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is 26.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CAT shares. Bank of America increased their target price on Caterpillar from $376.00 to $434.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Truist Financial lifted their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Evercore ISI downgraded shares of Caterpillar from an "in-line" rating to an "underperform" rating and increased their price target for the company from $321.00 to $365.00 in a report on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Citigroup raised their price objective on Caterpillar from $435.00 to $460.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus target price of $384.33.

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.