Cetera Investment Advisers Has $84.71 Million Stake in Caterpillar Inc. (NYSE:CAT)

Cetera Investment Advisers reduced its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 233,524 shares of the industrial products company's stock after selling 4,470 shares during the period. Cetera Investment Advisers' holdings in Caterpillar were worth $84,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction that occurred 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 directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by company insiders.

Caterpillar Trading Down 0.2 %

NYSE:CAT opened at $323.04 on Tuesday. The firm has a 50 day moving average of $317.79 and a 200 day moving average of $356.78. The stock has a market capitalization of $154.39 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 58.18% and a net margin of 16.65%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $5.60 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.75%. Caterpillar's dividend payout ratio (DPR) is 27.49%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wedbush raised Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Truist Financial restated a "buy" rating and set a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. 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 research report on Wednesday, February 19th. Bank of America decreased their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus target price of $370.67.

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.

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