Fire Capital Management LLC Purchases Shares of 3,921 Caterpillar Inc. (NYSE:CAT)

Fire Capital Management LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,921 shares of the industrial products company's stock, valued at approximately $1,422,000. Caterpillar makes up about 1.1% of Fire Capital Management LLC's investment portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC grew its position in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after buying an additional 2,519 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Caterpillar during the fourth quarter worth about $7,396,000. Pacer Advisors Inc. boosted its holdings in shares of Caterpillar by 9.1% in the 4th quarter. Pacer Advisors Inc. now owns 50,097 shares of the industrial products company's stock worth $18,173,000 after purchasing an additional 4,167 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC purchased a new stake in Caterpillar during the 4th quarter valued at about $701,000. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CAT shares. Citigroup increased their target price on Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Truist Financial reiterated a "buy" rating and set a $396.00 target price (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the stock from $272.00 to $357.00 in a report on Friday, May 16th. Finally, Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $372.92.

Caterpillar Price Performance

Shares of NYSE CAT traded down $4.69 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. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a market capitalization 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. 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 has a 50 day moving average of $319.22 and a 200-day moving average of $351.14.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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). The company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.60 EPS. As a group, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Insider Activity at Caterpillar

In other news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the purchase, the director now directly owns 6,653 shares of the company's stock, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company's stock.

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.