Chicago Capital LLC Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Chicago Capital LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,139 shares of the industrial products company’s stock after buying an additional 383 shares during the quarter. Chicago Capital LLC’s holdings in Caterpillar were worth $5,492,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CAT. Magnolia Capital Advisors LLC boosted its position in Caterpillar by 3.3% during the fourth quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 27 shares in the last quarter. FSM Wealth Advisors LLC boosted its position in Caterpillar by 3.8% during the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 25 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Caterpillar by 1.4% in the fourth quarter. HHM Wealth Advisors LLC now owns 5,981 shares of the industrial products company’s stock worth $2,170,000 after acquiring an additional 81 shares during the last quarter. Willis Investment Counsel raised its holdings in shares of Caterpillar by 1.3% in the fourth quarter. Willis Investment Counsel now owns 73,774 shares of the industrial products company’s stock worth $26,762,000 after acquiring an additional 939 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC raised its holdings in shares of Caterpillar by 2.7% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 1,924 shares of the industrial products company’s stock worth $698,000 after acquiring an additional 50 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Morgan Stanley dropped their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday. Truist Financial dropped their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $382.13.

Insider Activity

In other news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now owns 4,976 shares in the company, valued at approximately $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,236 shares of company stock worth $12,102,371. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Down 0.8 %

Shares of Caterpillar stock opened at $371.88 on Monday. The business’s fifty day moving average price is $380.88 and its two-hundred day moving average price is $371.07. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $179.54 billion, a P/E ratio of 16.85, a PEG ratio of 1.95 and a beta of 1.12. Caterpillar Inc. has a 1-year low of $299.93 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts forecast that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

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.