Tudor Financial Inc. Grows Stake in Caterpillar Inc. (NYSE:CAT)

Tudor Financial Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 31.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,878 shares of the industrial products company's stock after purchasing an additional 694 shares during the period. Tudor Financial Inc.'s holdings in Caterpillar were worth $1,044,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $34,000. Fairscale Capital LLC purchased a new stake in Caterpillar in the second quarter valued at about $36,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter worth about $36,000. Kimelman & Baird LLC grew its stake in shares of 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 last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

NYSE:CAT traded up $12.65 during mid-day trading on Tuesday, reaching $398.67. 3,142,358 shares of the stock were exchanged, compared to its average volume of 2,148,470. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $192.48 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.91 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $286.10 and a 1 year high of $418.50. The company has a 50 day simple moving average of $379.88 and a 200-day simple moving average of $367.68.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the previous year, the firm posted $5.52 EPS. The business's revenue was down 4.2% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

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

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares of the company's stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated 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 owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,868 shares of company stock worth $13,480,389 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CAT shares. Morgan Stanley lowered Caterpillar from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. Evercore ISI raised 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. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Truist Financial dropped their price objective on shares of Caterpillar from $471.00 to $455.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Finally, UBS Group upped their price target on shares of Caterpillar from $285.00 to $295.00 and gave the company a "sell" rating in a report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $380.60.

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.