Caterpillar Inc. (NYSE:CAT) Shares Bought by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,358 shares of the industrial products company’s stock after purchasing an additional 176 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Caterpillar were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CAT. MRA Advisory Group raised its position in Caterpillar by 2.1% in the fourth quarter. MRA Advisory Group now owns 1,534 shares of the industrial products company’s stock valued at $556,000 after purchasing an additional 31 shares during the period. Arbor Wealth Advisors LLC raised its stake in shares of Caterpillar by 4.3% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,437 shares of the industrial products company’s stock valued at $884,000 after purchasing an additional 100 shares in the last quarter. Cullen Investment Group LTD. lifted its holdings in Caterpillar by 0.6% during the 4th quarter. Cullen Investment Group LTD. now owns 8,763 shares of the industrial products company’s stock worth $3,179,000 after buying an additional 53 shares during the last quarter. Wright Investors Service Inc. increased its stake in Caterpillar by 24.5% during the fourth quarter. Wright Investors Service Inc. now owns 17,573 shares of the industrial products company’s stock valued at $6,375,000 after purchasing an additional 3,454 shares during the last quarter. Finally, Grandview Asset Management LLC acquired a new stake in Caterpillar during the fourth quarter worth about $803,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Citigroup boosted their target price on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Jefferies Financial Group lifted their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Truist Financial increased their target price on Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Robert W. Baird raised their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $384.33.

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were 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 represents a 36.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $362.82 on Tuesday. The company’s 50 day moving average price is $381.88 and its two-hundred day moving average price is $365.94. Caterpillar Inc. has a 12-month low of $276.94 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. The firm has a market cap of $175.17 billion, a PE ratio of 16.82, a PEG ratio of 1.88 and a beta of 1.10.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same period last year, the firm posted $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s payout ratio is 26.15%.

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.