Tema Etfs LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Tema Etfs LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,328 shares of the industrial products company's stock, valued at approximately $4,835,000. Caterpillar comprises 2.0% of Tema Etfs LLC's investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Toronto Dominion Bank raised its stake in Caterpillar by 24.1% in the 4th quarter. Toronto Dominion Bank now owns 205,366 shares of the industrial products company's stock worth $74,498,000 after purchasing an additional 39,893 shares in the last quarter. Shell Asset Management Co. raised its stake in Caterpillar by 93.4% in the 4th quarter. Shell Asset Management Co. now owns 8,467 shares of the industrial products company's stock worth $3,071,000 after purchasing an additional 4,089 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Caterpillar in the 4th quarter worth about $410,000. Silvercrest Asset Management Group LLC raised its stake in Caterpillar by 179.5% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 55,906 shares of the industrial products company's stock worth $20,280,000 after purchasing an additional 35,901 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Caterpillar by 12.0% in the 4th quarter. Rafferty Asset Management LLC now owns 45,547 shares of the industrial products company's stock worth $16,523,000 after purchasing an additional 4,889 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 375 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CAT shares. Robert W. Baird upgraded shares of Caterpillar from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a report on Thursday, May 1st. Bank of America decreased their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. DA Davidson upped their target price on Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Six investment 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $375.33.

Caterpillar Trading Down 1.0%

CAT traded down $3.56 during trading on Tuesday, reaching $349.01. 2,264,630 shares of the company's stock were exchanged, compared to its average volume of 2,640,007. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $164.40 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The firm has a fifty day moving average price of $318.02 and a two-hundred day moving average price of $353.54.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 during 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 business's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.60 earnings per share. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 27.49%.

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.