Caterpillar Inc. (NYSE:CAT) Position Reduced by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH cut its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,626 shares of the industrial products company's stock after selling 13,039 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Caterpillar were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Redhawk Wealth Advisors Inc. increased its position in shares of Caterpillar by 155.0% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 1,609 shares of the industrial products company's stock worth $584,000 after purchasing an additional 978 shares in the last quarter. ERn Financial LLC grew its holdings in shares of Caterpillar by 14.6% in the 4th quarter. ERn Financial LLC now owns 645 shares of the industrial products company's stock worth $234,000 after acquiring an additional 82 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Caterpillar by 25.4% in the 4th quarter. Ritholtz Wealth Management now owns 9,583 shares of the industrial products company's stock worth $3,476,000 after acquiring an additional 1,940 shares during the period. Capital Advisors Wealth Management LLC lifted its stake in Caterpillar by 8.8% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 1,267 shares of the industrial products company's stock valued at $460,000 after buying an additional 103 shares in the last quarter. Finally, Fermata Advisors LLC purchased a new stake in Caterpillar in the 4th quarter valued at approximately $664,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CAT shares. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the company from $272.00 to $357.00 in a research note on Friday. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Morgan Stanley upgraded shares of Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Finally, 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and an average target price of $375.33.

Insider Buying and Selling

In other news, Director David Maclennan purchased 375 shares of the firm's stock in a transaction that occurred on 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 approximately $2,133,617.10. This trade represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

Caterpillar Stock Down 1.0%

Shares of CAT traded down $3.56 during midday trading on Tuesday, reaching $349.01. 2,264,630 shares of the company were exchanged, compared to its average volume of 2,640,007. The stock has a 50-day moving average price of $317.70 and a 200-day moving average price of $353.57. The company has a market cap of $164.40 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. 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 announced its earnings results 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 business had revenue of $14.25 billion for 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%. The firm's revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.60 earnings per share. Research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current 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 $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.62%. Caterpillar's dividend payout ratio (DPR) is 27.49%.

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.