JTC Employer Solutions Trustee Ltd lowered its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 520 shares of the industrial products company’s stock after selling 400 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Caterpillar were worth $188,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Fairscale Capital LLC acquired a new stake in Caterpillar during the 2nd quarter valued at approximately $36,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $36,000. Kimelman & Baird LLC grew its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares during the period. HWG Holdings LP acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $54,000. Finally, SOA Wealth Advisors LLC. grew its position in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.
Caterpillar Stock Performance
Shares of Caterpillar stock traded up $7.06 during trading hours on Monday, hitting $358.06. 904,978 shares of the company’s stock traded hands, compared to its average volume of 1,691,858. Caterpillar Inc. has a 12-month low of $276.94 and a 12-month high of $418.50. The stock has a market capitalization of $172.87 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.92 and a beta of 1.13. The company has a fifty day simple moving average of $382.16 and a 200-day simple moving average of $365.69. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.
Caterpillar Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CAT. Citigroup raised their price objective on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial increased their target price on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Robert W. Baird increased their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Finally, Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $384.33.
View Our Latest Analysis on CAT
Insider Buying and Selling
In other news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, with a total value 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the sale, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,868 shares of company stock valued at $9,679,489. 0.29% of the stock is owned by insiders.
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.
Featured Stories
- Five stocks we like better than Caterpillar
- Which Wall Street Analysts are the Most Accurate?
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- What Does Downgrade Mean in Investing?
- Delta Can Fly to New Highs in 2025; Here’s Why
- How to Plot Fibonacci Price Inflection Levels
- Snowflake Stock: Bullish Upgrades Demand Investors’ Attention
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.