Caterpillar Inc. (NYSE:CAT) Shares Purchased by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. raised its holdings in Caterpillar Inc. (NYSE:CAT) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,615 shares of the industrial products company’s stock after acquiring an additional 125 shares during the period. Brown Lisle Cummings Inc.’s holdings in Caterpillar were worth $949,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the fourth quarter worth about $34,000. Capital Performance Advisors LLP purchased a new position in shares of Caterpillar during the 3rd quarter worth about $36,000. Albion Financial Group UT boosted its position in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Kimelman & Baird LLC grew its holdings in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the period. Finally, Trivant Custom Portfolio Group LLC increased its position in Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 2.6 %

Shares of Caterpillar stock opened at $361.62 on Tuesday. 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 business has a 50-day moving average price of $380.88 and a 200 day moving average price of $371.17. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The firm has a market cap of $174.59 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.95 and a beta of 1.12.

Caterpillar (NYSE:CAT) last posted its quarterly 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%. On average, sell-side analysts forecast that Caterpillar Inc. will post 21.45 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Analysts Set New Price Targets

Several analysts have recently issued reports on CAT shares. Citigroup boosted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Morgan Stanley reduced their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday. Jefferies Financial Group increased their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial reduced their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus price target of $381.00.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $410.25, for a total transaction of $5,192,534.25. Following the completion of the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,236 shares of company stock worth $12,102,371 over the last quarter. 0.29% of the stock is owned by company insiders.

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.