Caterpillar Inc. (NYSE:CAT) Stock Position Boosted by PFG Investments LLC

PFG Investments LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,879 shares of the industrial products company’s stock after buying an additional 611 shares during the quarter. PFG Investments LLC’s holdings in Caterpillar were worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar in the third quarter valued at $36,000. Albion Financial Group UT boosted its stake in Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. 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 raised its position in Caterpillar by 130.0% in 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 in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last ninety days. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Down 3.2 %

CAT stock opened at $394.60 on Tuesday. The company has a 50 day moving average of $381.07 and a two-hundred day moving average of $369.79. The company has a market cap of $190.51 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.97 and a beta of 1.13. Caterpillar Inc. has a 12-month low of $297.45 and a 12-month high of $418.50. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33.

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

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is presently 26.15%.

Analysts Set New Price Targets

CAT has been the topic of several recent research reports. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $349.00 to $332.00 in a research note on Monday, October 14th. UBS Group lifted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Truist Financial cut their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Citigroup decreased their target price on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Three equities 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 company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $380.60.

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.