Two Sigma Investments LP decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 88.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the industrial products company's stock after selling 14,093 shares during the period. Two Sigma Investments LP's holdings in Caterpillar were worth $689,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Texas Bank & Trust Co bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $231,000. Tidal Investments LLC grew its stake in shares of Caterpillar by 172.6% in the 4th quarter. Tidal Investments LLC now owns 73,746 shares of the industrial products company's stock valued at $26,752,000 after purchasing an additional 46,690 shares during the period. TrinityPoint Wealth LLC grew its stake in shares of Caterpillar by 2.8% in the 4th quarter. TrinityPoint Wealth LLC now owns 1,537 shares of the industrial products company's stock valued at $558,000 after purchasing an additional 42 shares during the period. Trace Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $998,000. Finally, State of Wyoming grew its stake in shares of Caterpillar by 263.1% in the 4th quarter. State of Wyoming now owns 1,899 shares of the industrial products company's stock valued at $689,000 after purchasing an additional 1,376 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.
Caterpillar Trading Up 1.3%
Caterpillar stock opened at $353.49 on Friday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a market capitalization of $166.51 billion, a P/E ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.37. The stock has a 50-day simple moving average of $320.74 and a 200 day simple moving average of $349.69.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter in the prior year, the firm earned $5.60 EPS. The company's revenue was down 9.8% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Caterpillar Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a $1.41 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. Caterpillar's payout ratio is 27.49%.
Wall Street Analyst Weigh In
CAT has been the topic of a number of recent research reports. Bank of America increased their price objective on Caterpillar from $335.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Wall Street Zen lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Truist Financial reiterated a "buy" rating and issued a $396.00 price objective (up from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Citigroup increased their price objective on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Morgan Stanley upgraded Caterpillar from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $300.00 to $283.00 in a research report on Wednesday, April 16th. Six 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.
Check Out Our Latest Research Report on Caterpillar
Insider Activity at Caterpillar
In other news, Director David Maclennan bought 375 shares of Caterpillar stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.
About Caterpillar
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).

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