Greenwood Gearhart Inc. Has $12.43 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Greenwood Gearhart Inc. increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,252 shares of the industrial products company's stock after acquiring an additional 1,177 shares during the period. Greenwood Gearhart Inc.'s holdings in Caterpillar were worth $12,425,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. FSM Wealth Advisors LLC lifted its position in Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after buying an additional 25 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock worth $1,541,000 after purchasing an additional 26 shares in the last quarter. Wagner Wealth Management LLC grew its stake in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after buying an additional 26 shares in the last quarter. Channel Wealth LLC lifted its stake in Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock valued at $533,000 after acquiring an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its holdings in shares of Caterpillar by 0.6% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after purchasing an additional 27 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated 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 in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of CAT traded up $3.68 during mid-day trading on Friday, hitting $293.82. 2,716,340 shares of the company traded hands, compared to its average volume of 2,637,934. 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 business has a 50-day moving average of $327.08 and a 200 day moving average of $363.77. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The stock has a market capitalization of $140.42 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar's dividend payout ratio is 25.56%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CAT. Wedbush upgraded Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Citigroup reduced their price objective on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their target price on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Truist Financial decreased their target price on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average price target of $361.64.

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.