6,626 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,626 shares of the industrial products company's stock, valued at approximately $2,404,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Capital Research Global Investors raised its stake in Caterpillar by 69.3% during the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company's stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC boosted its stake in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company's stock valued at $291,938,000 after purchasing an additional 803,166 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company's stock valued at $2,483,937,000 after purchasing an additional 724,477 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan acquired 375 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Caterpillar from $490.00 to $380.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Baird R W raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Truist Financial reissued a "buy" rating and issued a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Finally, Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $375.50.

Caterpillar Trading Up 1.1%

NYSE CAT traded up $3.79 during trading hours on Friday, hitting $353.60. 2,558,499 shares of the company's stock were exchanged, compared to its average volume of 2,639,240. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a 50-day simple moving average of $317.14 and a 200 day simple moving average of $354.32. The firm has a market cap of $166.56 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the firm posted $5.60 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

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.