American International Group Inc. Grows Stock Position in Caterpillar Inc. (NYSE:CAT)

American International Group Inc. lifted its position in Caterpillar Inc. (NYSE:CATFree Report) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 152,749 shares of the industrial products company’s stock after purchasing an additional 234 shares during the quarter. American International Group Inc.’s holdings in Caterpillar were worth $45,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $26,000. Gilfoyle & Co LLC purchased a new stake in Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in Caterpillar in the fourth quarter valued at $39,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Caterpillar in the fourth quarter valued at $40,000. Finally, DiNuzzo Private Wealth Inc. purchased a new stake in shares of Caterpillar in the 4th quarter valued at $41,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In other news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the transaction, the insider now owns 71,115 shares in the company, valued at approximately $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Caterpillar news, insider Cheryl H. Johnson sold 1,508 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $340.00, for a total transaction of $512,720.00. Following the sale, the insider now directly owns 20,023 shares of the company’s stock, valued at $6,807,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 21,847 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the transaction, the insider now owns 71,115 shares in the company, valued at $25,380,943.50. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus downgraded Caterpillar from a “buy” rating to a “hold” rating and boosted their price objective for the company from $293.00 to $350.00 in a report on Friday, April 26th. Truist Financial assumed coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. HSBC boosted their target price on Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $323.35.

View Our Latest Report on CAT

Caterpillar Stock Down 1.5 %

Shares of CAT stock traded down $4.89 on Friday, hitting $321.47. The company’s stock had a trading volume of 4,195,333 shares, compared to its average volume of 2,954,731. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $382.01. The firm’s fifty day moving average price is $347.82 and its 200-day moving average price is $324.06. The stock has a market capitalization of $157.21 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.65 and a beta of 1.14.

Caterpillar (NYSE:CATGet Free Report) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. Research analysts anticipate that Caterpillar Inc. will post 21.81 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, July 22nd will be given a dividend of $1.41 per share. This is a positive change from Caterpillar’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $5.64 dividend on an annualized basis and a yield of 1.75%. Caterpillar’s payout ratio is currently 23.48%.

Caterpillar Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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