State of Wyoming Buys 1,376 Shares of Caterpillar Inc. (NYSE:CAT)

State of Wyoming increased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 263.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,899 shares of the industrial products company's stock after buying an additional 1,376 shares during the quarter. State of Wyoming's holdings in Caterpillar were worth $689,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar in the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Quarry LP acquired a new stake in shares of Caterpillar during the 4th quarter valued at $35,000. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Up 0.7%

CAT traded up $2.52 on Thursday, reaching $345.03. 2,174,058 shares of the company traded hands, compared to its average volume of 2,639,157. The company has a market cap of $162.52 billion, a price-to-earnings ratio of 15.63, a PEG 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's 50 day moving average price is $318.06 and its 200-day moving average price is $353.46. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. During the same quarter in the prior year, the firm earned $5.60 earnings per share. The company's revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CAT shares. Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Citigroup upped their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a report on Thursday, May 1st. Finally, Truist Financial restated a "buy" rating and set a $396.00 price target (up previously from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average target price of $375.33.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost 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 approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate 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.