Caterpillar Inc. (NYSE:CAT) Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,447 shares of the industrial products company's stock after selling 15,022 shares during the quarter. Temasek Holdings Private Ltd's holdings in Caterpillar were worth $14,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Texas Bank & Trust Co purchased a new position in Caterpillar in the fourth quarter valued at about $231,000. Tidal Investments LLC boosted its position in shares of Caterpillar by 172.6% in the fourth quarter. Tidal Investments LLC now owns 73,746 shares of the industrial products company's stock worth $26,752,000 after buying an additional 46,690 shares during the period. TrinityPoint Wealth LLC grew its stake in shares of Caterpillar by 2.8% in the fourth quarter. TrinityPoint Wealth LLC now owns 1,537 shares of the industrial products company's stock valued at $558,000 after buying an additional 42 shares in the last quarter. Trace Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $998,000. Finally, State of Wyoming lifted its position in Caterpillar by 263.1% during the 4th quarter. State of Wyoming now owns 1,899 shares of the industrial products company's stock worth $689,000 after acquiring an additional 1,376 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $353.60 on Friday. The firm has a market cap of $166.56 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The firm's 50-day simple moving average is $317.42 and its 200-day simple moving average is $353.91. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm 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 company's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.60 EPS. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm 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. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is presently 27.49%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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. Raymond James raised shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Truist Financial reaffirmed a "buy" rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. StockNews.com cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and raised their target price for the company from $309.00 to $395.00 in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and a consensus target price of $375.50.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director David Maclennan purchased 375 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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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