Wellington Management Group LLP Acquires 37,282 Shares of Caterpillar Inc. (NYSE:CAT)

Wellington Management Group LLP increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 72.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,936 shares of the industrial products company's stock after acquiring an additional 37,282 shares during the quarter. Wellington Management Group LLP's holdings in Caterpillar were worth $32,262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar in the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value 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. This trade represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

CAT stock traded up $4.19 during trading hours on Friday, reaching $293.35. The stock had a trading volume of 3,197,039 shares, compared to its average volume of 2,625,986. The stock has a market capitalization of $140.20 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The stock has a 50-day simple moving average of $333.97 and a 200 day simple moving average of $367.17. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. 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 (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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 predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analysts Forecast Growth

CAT has been the topic of several research analyst reports. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Finally, Truist Financial reduced their price objective on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $373.20.

About Caterpillar

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.