641 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by AJOVista LLC

AJOVista LLC purchased a new position in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, HoldingsChannel reports. The fund purchased 641 shares of the industrial products company’s stock, valued at approximately $190,000.

A number of other institutional investors and hedge funds have also modified their holdings of CAT. Waterway Wealth Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $352,000. Farmers Trust Co. grew its holdings in Caterpillar by 2.7% during the 4th quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 120 shares during the last quarter. Firethorn Wealth Partners LLC grew its holdings in Caterpillar by 19.4% during the 4th quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company’s stock valued at $540,000 after buying an additional 296 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in Caterpillar by 20.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock valued at $6,310,000 after buying an additional 3,558 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock valued at $100,370,000 after buying an additional 52,576 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. HSBC raised their price objective on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. The Goldman Sachs Group raised their price objective on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird raised their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Finally, TD Cowen lifted their target price on Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Caterpillar has an average rating of “Hold” and a consensus target price of $323.35.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.4 %

Shares of CAT stock traded up $1.31 on Friday, hitting $336.75. The stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. The stock’s 50 day moving average is $351.89 and its 200-day moving average is $303.33. The firm has a market capitalization of $164.69 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a 52-week low of $205.60 and a 52-week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. As a group, research analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

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.