Caterpillar Inc. (NYSE:CAT) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 37.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,152 shares of the industrial products company's stock after acquiring an additional 26,294 shares during the quarter. Quantinno Capital Management LP's holdings in Caterpillar were worth $34,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Norges Bank acquired a new stake in Caterpillar in the 4th quarter valued at about $2,184,364,000. Capital Research Global Investors increased its position in shares of Caterpillar by 69.3% in the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Caterpillar in the 4th quarter valued at $353,231,000. Proficio Capital Partners LLC lifted its position in shares of Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after purchasing an additional 803,166 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after buying an additional 724,477 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Shares of CAT opened at $352.58 on Wednesday. The stock has a market capitalization of $166.08 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The business's fifty day moving average price is $317.07 and its 200 day moving average price is $354.64. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50.

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

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CAT shares. Citigroup increased their price objective on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a report on Monday, May 5th. DA Davidson raised their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Truist Financial reaffirmed a "buy" rating and issued a $396.00 target price (up from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Morgan Stanley raised shares of Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Finally, Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $377.83.

Insider Transactions at Caterpillar

In related news, Director David Maclennan purchased 375 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the transaction, 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

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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