M1 Capital Management LLC Purchases Shares of 1,505 Caterpillar Inc. (NYSE:CAT)

M1 Capital Management LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,505 shares of the industrial products company's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Proficio Capital Partners LLC grew its stake in shares of Caterpillar by 38.3% in the fourth quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company's stock valued at $805,000 after acquiring an additional 614 shares in the last quarter. Victrix Investment Advisors acquired a new stake in Caterpillar during the fourth quarter worth approximately $2,090,000. Braun Stacey Associates Inc. increased its stake in Caterpillar by 2.8% during the 4th quarter. Braun Stacey Associates Inc. now owns 34,837 shares of the industrial products company's stock worth $12,637,000 after acquiring an additional 963 shares during the period. Strategic Advisors LLC raised its holdings in Caterpillar by 14.6% in the 4th quarter. Strategic Advisors LLC now owns 5,724 shares of the industrial products company's stock valued at $2,076,000 after acquiring an additional 730 shares in the last quarter. Finally, MFG Wealth Management Inc. bought a new stake in shares of Caterpillar during the 4th quarter valued at $2,308,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Down 1.3%

Shares of Caterpillar stock traded down $4.69 during trading on Friday, hitting $347.10. The company's stock had a trading volume of 4,866,863 shares, compared to its average volume of 2,640,639. The stock has a market cap of $163.50 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth 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 stock has a 50-day moving average price of $319.22 and a two-hundred day moving average price of $351.14. 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 (NYSE:CAT - Get Free Report) last released its 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 net margin of 16.65% and a return on equity of 58.18%. The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same period in the prior year, the company posted $5.60 EPS. The business's revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were issued a dividend of $1.41 per share. The ex-dividend date was Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.62%. Caterpillar's payout ratio is 27.49%.

Insider Buying and Selling at Caterpillar

In related 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 price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CAT shares. Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price target for the company in a research note on Thursday, May 1st. Robert W. Baird upgraded shares of Caterpillar from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $309.00 to $395.00 in a research report on Tuesday, May 13th. Truist Financial restated a "buy" rating and set a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. DA Davidson raised their target price on Caterpillar from $325.00 to $331.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Citigroup boosted their price target on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a report on Monday, May 5th. 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.92.

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.