Harvest Investment Services LLC Invests $767,000 in Caterpillar Inc. (NYSE:CAT)

Harvest Investment Services LLC acquired a new position in shares of 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. The institutional investor acquired 2,114 shares of the industrial products company's stock, valued at approximately $767,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company's stock worth $285,382,000 after buying an additional 5,371 shares during the period. SOA Wealth Advisors LLC. increased its position in shares of Caterpillar by 47.2% during the third quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company's stock worth $61,000 after acquiring an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in Caterpillar in the 3rd quarter worth $854,000. Anchor Investment Management LLC lifted its holdings in shares of Caterpillar by 2.9% in the third quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company's stock valued at $5,208,000 after purchasing an additional 376 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of Caterpillar by 26.6% during the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company's stock worth $1,569,000 after buying an additional 843 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

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

Analyst Ratings Changes

Several research firms have weighed in on CAT. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Truist Financial reduced their target price on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their price target on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Bank of America reduced their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $361.75.

Caterpillar Trading Down 0.4 %

Shares of NYSE CAT traded down $1.28 during midday trading on Monday, reaching $305.18. The company had a trading volume of 645,253 shares, compared to its average volume of 2,614,263. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The firm's fifty day moving average price is $321.41 and its 200-day moving average price is $360.15. The stock has a market cap of $145.85 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.85%. Caterpillar's dividend payout ratio is presently 25.56%.

About Caterpillar

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.