Stonebridge Financial Group LLC Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Stonebridge Financial Group LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,533 shares of the industrial products company's stock, valued at approximately $556,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar during the third quarter worth about $36,000. Albion Financial Group UT raised its stake in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after buying an additional 77 shares in the last quarter. Kimelman & Baird LLC lifted its holdings in Caterpillar by 42.9% in the third 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 period. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock worth $42,000 after buying an additional 65 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAT has been the topic of several research reports. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Robert W. Baird raised their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an "underperform" rating in a report on Thursday, October 31st. Truist Financial cut their price target on shares of Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Evercore ISI upgraded Caterpillar from an "underperform" rating to an "in-line" rating and set a $365.00 target price for the company in a report on Monday, January 13th. Finally, Morgan Stanley lowered their price target on Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $383.13.

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Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

CAT traded down $0.39 during trading hours on Friday, hitting $353.31. 2,043,603 shares of the stock were exchanged, compared to its average volume of 2,476,759. The stock has a 50-day simple moving average of $372.47 and a 200-day simple moving average of $371.96. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The stock has a market cap of $170.58 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. Analysts anticipate that Caterpillar Inc. will post 20.05 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors 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 1.60%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar's payout ratio is 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.