Caterpillar Inc. (NYSE:CAT) Holdings Increased by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 172.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,746 shares of the industrial products company's stock after acquiring an additional 46,690 shares during the period. Tidal Investments LLC's holdings in Caterpillar were worth $26,752,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Caterpillar in the fourth quarter worth about $2,184,364,000. Capital Research Global Investors boosted its holdings in 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 worth $1,060,730,000 after acquiring an additional 1,196,861 shares during the period. Raymond James Financial Inc. acquired a new stake in Caterpillar in the fourth quarter valued at approximately $353,231,000. Proficio Capital Partners LLC lifted its position in shares of Caterpillar by 50,072.7% during the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock worth $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Caterpillar by 11.8% in the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. StockNews.com downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. DA Davidson raised their price target on shares of Caterpillar from $325.00 to $331.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Citigroup upped their price target on shares of Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a report on Monday, May 5th. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Truist Financial reiterated a "buy" rating and issued a $396.00 price target (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Six research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $375.33.

Caterpillar Stock Performance

CAT traded down $3.56 during trading on Tuesday, reaching $349.01. 2,264,630 shares of the company were exchanged, compared to its average volume of 2,640,007. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week 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 firm has a 50 day moving average of $318.02 and a 200 day moving average of $353.54. The stock has a market cap of $164.40 billion, a P/E ratio of 15.81, a PEG ratio of 1.87 and a beta of 1.35.

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

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.62%. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director David Maclennan bought 375 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price 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. The trade was a 5.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.33% of the company's stock.

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.