Total Investment Management Inc. Purchases 1,332 Shares of Caterpillar Inc. (NYSE:CAT)

Total Investment Management Inc. grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 64.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,395 shares of the industrial products company's stock after purchasing an additional 1,332 shares during the period. Caterpillar makes up approximately 0.2% of Total Investment Management Inc.'s investment portfolio, making the stock its 26th largest holding. Total Investment Management Inc.'s holdings in Caterpillar were worth $1,231,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter worth about $36,000. Albion Financial Group UT grew its holdings 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 acquiring an additional 77 shares during the period. Kimelman & Baird LLC grew its holdings 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 acquiring an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew 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 acquiring an additional 65 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of analyst reports. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Evercore ISI lifted their price target on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $383.80.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the firm's stock in a transaction on Friday, November 29th. The shares were 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 in the company, 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 have sold a total of 18,704 shares of company stock worth $7,226,584 in the last 90 days. Company insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

Shares of CAT traded down $4.16 during mid-day trading on Thursday, reaching $348.84. The company's stock had a trading volume of 2,171,572 shares, compared to its average volume of 2,392,472. The stock has a market cap of $166.72 billion, a P/E ratio of 15.81, a PEG ratio of 1.89 and a beta of 1.12. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The business has a 50-day simple moving average of $370.18 and a two-hundred day simple moving average of $372.40.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.62%. 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.