Captrust Financial Advisors Grows Stock Position in Caterpillar Inc. (NYSE:CAT)

Captrust Financial Advisors increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,193 shares of the industrial products company's stock after buying an additional 2,840 shares during the quarter. Captrust Financial Advisors' holdings in Caterpillar were worth $47,954,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its stake in shares of Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company's stock worth $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC purchased a new stake in Caterpillar in the fourth quarter worth about $230,000. Cadinha & Co. LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $11,084,000. Atomi Financial Group Inc. lifted its position in shares of Caterpillar by 3.9% during the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company's stock valued at $8,414,000 after buying an additional 871 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Caterpillar by 38.3% during the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 614 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Down 0.2 %

NYSE CAT opened at $323.04 on Tuesday. The stock has a 50 day moving average price of $317.79 and a 200-day moving average price of $356.78. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market capitalization of $154.39 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.87 and a beta of 1.35.

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

Caterpillar Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wedbush raised shares of Caterpillar to an "outperform" rating in a report on Monday, February 3rd. Citigroup upped their target price on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. cut their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Truist Financial restated a "buy" rating and issued a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Finally, Robert W. Baird upgraded Caterpillar from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $300.00 to $309.00 in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $370.67.

Insider Activity at Caterpillar

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

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