Caterpillar Inc. (NYSE:CAT) Shares Bought by Commerce Bank

Commerce Bank lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,456 shares of the industrial products company's stock after buying an additional 1,758 shares during the quarter. Commerce Bank's holdings in Caterpillar were worth $52,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cadence Bank increased its holdings in shares of Caterpillar by 99.6% in the 4th quarter. Cadence Bank now owns 2,114 shares of the industrial products company's stock valued at $767,000 after purchasing an additional 1,055 shares in the last quarter. Alexis Investment Partners LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth approximately $1,223,000. Canada Pension Plan Investment Board increased its stake in Caterpillar by 384.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 273,366 shares of the industrial products company's stock valued at $99,166,000 after purchasing an additional 216,960 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in Caterpillar during the fourth quarter worth $1,208,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in Caterpillar by 14.5% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 378 shares of the industrial products company's stock valued at $137,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Wedbush upgraded Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. Truist Financial dropped their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their price objective on Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI upped their target price 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Caterpillar has a consensus rating of "Hold" and a consensus target price of $359.36.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction 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 sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Caterpillar Trading Up 2.4 %

CAT traded up $6.98 during trading on Wednesday, hitting $298.15. 1,143,925 shares of the company's stock were exchanged, compared to its average volume of 2,634,083. 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 firm has a market cap of $142.50 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The stock has a 50 day moving average price of $324.47 and a 200 day moving average price of $362.29. 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 issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued 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 1.89%. Caterpillar's dividend payout ratio is currently 25.56%.

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.