Caterpillar Inc. (NYSE:CAT) Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 39.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,010 shares of the industrial products company's stock after purchasing an additional 3,997 shares during the period. MGO One Seven LLC's holdings in Caterpillar were worth $5,082,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in Caterpillar in the fourth quarter valued at approximately $2,184,364,000. Capital Research Global Investors increased its holdings in shares of Caterpillar by 69.3% during the 4th quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock valued at $1,060,730,000 after purchasing an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Caterpillar in the 4th quarter valued at $353,231,000. Proficio Capital Partners LLC boosted its holdings in 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 buying an additional 803,166 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Caterpillar by 1,278.6% during the fourth quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company's stock valued at $154,367,000 after buying an additional 408,678 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

CAT traded down $1.93 during trading on Monday, reaching $304.52. The company's stock had a trading volume of 740,682 shares, compared to its average volume of 2,614,652. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a fifty day simple moving average of $321.41 and a two-hundred day simple moving average of $360.15. The company has a market cap of $145.54 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50.

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

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.85%. Caterpillar's payout ratio is 25.56%.

Insider Activity

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, with a total value 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. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the 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 transaction, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent analyst reports. DA Davidson lowered their target price on shares of Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Bank of America dropped their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Citigroup cut their price target on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Truist Financial dropped their target price on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $361.75.

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.