NorthRock Partners LLC Buys 4,744 Shares of Caterpillar Inc. (NYSE:CAT)

NorthRock Partners LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,062 shares of the industrial products company's stock after buying an additional 4,744 shares during the period. NorthRock Partners LLC's holdings in Caterpillar were worth $3,650,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CAT. EWG Elevate Inc. acquired a new position in Caterpillar during the 4th quarter valued at about $216,000. Fiduciary Alliance LLC grew its stake in shares of Caterpillar by 47.0% in the 4th quarter. Fiduciary Alliance LLC now owns 1,745 shares of the industrial products company's stock worth $633,000 after purchasing an additional 558 shares during the last quarter. BCS Wealth Management acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $760,000. Traveka Wealth LLC grew its stake in shares of Caterpillar by 6.2% in the 4th quarter. Traveka Wealth LLC now owns 1,251 shares of the industrial products company's stock worth $454,000 after purchasing an additional 73 shares during the last quarter. Finally, PSI Advisors LLC grew its stake in shares of Caterpillar by 5.8% in the 4th quarter. PSI Advisors LLC now owns 2,473 shares of the industrial products company's stock worth $897,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Up 1.1%

NYSE CAT traded up $3.79 during trading on Friday, reaching $353.60. The company's stock had a trading volume of 2,558,499 shares, compared to its average volume of 2,639,240. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $166.56 billion, a PE ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.35. The business has a 50-day moving average price of $317.42 and a 200-day moving average price of $354.09. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders 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 yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan acquired 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the purchase, the director now owns 6,653 shares of the company's stock, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of several recent research reports. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Citigroup boosted their price target on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial restated a "buy" rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target on the stock in a report on Thursday, May 1st. Finally, Evercore ISI boosted their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $375.50.

Caterpillar Company 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.