Caterpillar Inc. (NYSE:CAT) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA trimmed its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 54.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,447 shares of the industrial products company's stock after selling 11,304 shares during the period. Compagnie Lombard Odier SCmA's holdings in Caterpillar were worth $3,116,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CAT. Norges Bank bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $2,184,364,000. GAMMA Investing LLC lifted its stake in shares of Caterpillar by 43,447.3% in the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after purchasing an additional 3,721,693 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Caterpillar by 69.3% in the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $353,231,000. Finally, Proficio Capital Partners LLC lifted its stake in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after purchasing an additional 803,166 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan bought 375 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by company insiders.

Caterpillar Stock Down 1.2%

NYSE CAT traded down $4.17 on Friday, reaching $356.79. 1,609,485 shares of the stock traded hands, compared to its average volume of 2,564,350. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50. The company has a fifty day moving average price of $327.10 and a 200-day moving average price of $348.25. The company has a market cap of $168.06 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.87 and a beta of 1.37. 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 results 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). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion during the quarter, compared to analysts' expectations of $14.64 billion. During the same quarter in the prior year, the business posted $5.60 earnings per share. The company's revenue was down 9.8% compared to the same quarter last year. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Monday, July 21st will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.69%. This is an increase from Caterpillar's previous quarterly dividend of $1.41. The ex-dividend date of this dividend is Monday, July 21st. Caterpillar's payout ratio is 29.43%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CAT shares. Bank of America raised their price target on Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI decreased their price target on Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research note on Monday, May 19th. Truist Financial reissued a "buy" rating and set a $396.00 price target (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Citigroup raised their price target on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Baird R W raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

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.