Capital Advantage Inc. Makes New $860,000 Investment in Caterpillar Inc. (NYSE:CAT)

Capital Advantage Inc. purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,371 shares of the industrial products company's stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CAT shares. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. StockNews.com lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Robert W. Baird upgraded shares of Caterpillar from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $300.00 to $309.00 in a research note on Thursday, May 1st. Finally, Truist Financial reiterated a "buy" rating and set a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $370.67.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $323.04 on Tuesday. The company has a market cap of $154.39 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company's fifty day moving average is $317.79 and its two-hundred day moving average is $356.78.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.60 earnings per share. Equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's payout ratio is 27.49%.

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.

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