Sunpointe LLC Buys 4,176 Shares of Caterpillar Inc. (NYSE:CAT)

Sunpointe LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 489.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,029 shares of the industrial products company's stock after acquiring an additional 4,176 shares during the period. Sunpointe LLC's holdings in Caterpillar were worth $1,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Caterpillar in the 3rd quarter valued at about $36,000. Albion Financial Group UT grew its stake in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after purchasing an additional 77 shares during the period. Kimelman & Baird LLC grew its stake in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after purchasing an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its stake 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 purchasing an additional 65 shares during the period. Institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

In other Caterpillar 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 owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated 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 directly owns 33,565 shares of the company's stock, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,704 shares of company stock valued at $7,226,584 over the last 90 days. Insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

NYSE:CAT traded down $9.31 during trading hours on Friday, reaching $339.84. The stock had a trading volume of 3,219,133 shares, compared to its average volume of 2,416,826. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a 50 day simple moving average of $369.54 and a 200 day simple moving average of $372.24. 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 $162.42 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAT. Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday. Robert W. Baird increased their price target 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 Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. DA Davidson increased their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, StockNews.com upgraded Caterpillar from a "hold" rating to a "buy" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $383.80.

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.