CX Institutional Has $10.20 Million Stake in Caterpillar Inc. (NYSE:CAT)

CX Institutional boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,918 shares of the industrial products company's stock after purchasing an additional 5,523 shares during the period. CX Institutional's holdings in Caterpillar were worth $10,197,000 at the end of the most recent quarter.

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

Caterpillar Price Performance

Shares of CAT stock traded down $2.43 during trading hours on Thursday, reaching $360.71. 715,414 shares of the company were exchanged, compared to its average volume of 2,582,775. The company has a market cap of $169.91 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.87 and a beta of 1.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock's fifty day moving average is $323.77 and its two-hundred day moving average is $349.29. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business's revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.60 EPS. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Monday, July 21st will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Caterpillar's previous quarterly dividend of $1.41. Caterpillar's dividend payout ratio (DPR) is currently 27.49%.

Analysts Set New Price Targets

CAT has been the topic of several research reports. Truist Financial reaffirmed a "buy" rating and issued a $396.00 target price (up from $389.00) on shares of Caterpillar in a research report 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 note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Evercore ISI decreased their price objective on Caterpillar from $375.00 to $373.00 and set an "in-line" rating on the stock in a report on Monday, May 19th. Finally, Oppenheimer raised Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a research report on Thursday, May 1st. Six investment 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

Insider Transactions at Caterpillar

In related news, Director David Maclennan bought 375 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the completion of the transaction, the director now owns 6,653 shares in the company, valued at $2,133,617.10. The trade was a 5.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

About Caterpillar

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.