GKV Capital Management Co. Inc. Buys Shares of 3,330 Caterpillar Inc. (NYSE:CAT)

GKV Capital Management Co. Inc. acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,330 shares of the industrial products company's stock, valued at approximately $1,208,000.

Several other large investors also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Caterpillar in the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the 4th quarter valued at $34,000. Institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CAT. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Truist Financial decreased their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $359.36.

Caterpillar Stock Down 3.5 %

CAT stock traded down $10.11 during midday trading on Monday, hitting $282.73. The company's stock had a trading volume of 997,067 shares, compared to its average volume of 2,631,644. 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 company's fifty day moving average price is $327.08 and its 200 day moving average price is $363.58. The stock has a market capitalization of $135.13 billion, a P/E ratio of 12.81, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced 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. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio is currently 25.56%.

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.