Caterpillar Inc. (NYSE:CAT) Shares Sold by M&G Investment Management Ltd.

M&G Investment Management Ltd. lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,364 shares of the industrial products company's stock after selling 3,367 shares during the quarter. M&G Investment Management Ltd.'s holdings in Caterpillar were worth $13,132,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC grew its holdings in shares of Caterpillar by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 8,145,840 shares of the industrial products company's stock valued at $2,408,481,000 after buying an additional 179,908 shares during the last quarter. Northern Trust Corp raised its position in Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company's stock valued at $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley lifted its holdings in Caterpillar by 0.7% in the third quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company's stock valued at $1,864,823,000 after acquiring an additional 47,258 shares during the period. FMR LLC boosted its position in Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company's stock worth $1,648,431,000 after purchasing an additional 781,111 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Caterpillar by 19.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company's stock valued at $947,875,000 after purchasing an additional 529,420 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Up 0.4 %

Shares of CAT stock traded up $1.48 on Tuesday, hitting $358.16. The stock had a trading volume of 1,563,425 shares, compared to its average volume of 2,489,888. The company's 50 day moving average price is $353.95 and its 200-day moving average price is $307.93. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01. The firm has a market capitalization of $175.16 billion, a P/E ratio of 16.17, a P/E/G ratio of 1.52 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. Caterpillar's dividend payout ratio (DPR) is 23.48%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAT. TD Cowen increased their price target on shares of Caterpillar from $338.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the company an "underperform" rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. Truist Financial initiated coverage on Caterpillar in a research note on Thursday, March 14th. They issued a "buy" rating and a $390.00 price objective for the company. Finally, Citigroup increased their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $323.35.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 21,847 shares of the business's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the transaction, the insider now directly owns 71,115 shares of the company's stock, valued at approximately $25,380,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Lange Bob De sold 21,847 shares of the firm's stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total value of $7,797,194.30. Following the sale, the insider now directly owns 71,115 shares in the company, valued at approximately $25,380,943.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company's stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

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.