Caterpillar Inc. (NYSE:CAT) Shares Bought by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 15,639 shares of the industrial products company’s stock after purchasing an additional 395 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Caterpillar were worth $5,673,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CAT. Capital Performance Advisors LLP acquired a new position in Caterpillar in the third quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $34,000. Kimelman & Baird LLC boosted its position in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 30 shares during the period. Albion Financial Group UT grew its stake 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 purchasing an additional 77 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in Caterpillar by 130.0% in 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 period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares in the company, valued at $4,906,356.84. The trade was a 17.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,868 shares of company stock worth $13,480,389 over the last three months. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 0.4 %

CAT opened at $407.95 on Friday. The company has a market capitalization of $196.96 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The business has a 50-day moving average of $380.59 and a 200-day moving average of $368.65. Caterpillar Inc. has a fifty-two week low of $293.13 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company earned $5.52 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.38%. Caterpillar’s payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CAT. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Truist Financial cut their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, January 16th. UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Robert W. Baird raised their target price on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $380.60.

Caterpillar Company 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.