Robbins Farley Has $5.28 Million Stake in Caterpillar Inc. (NYSE:CAT)

Robbins Farley lifted its position in Caterpillar Inc. (NYSE:CAT) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,543 shares of the industrial products company’s stock after purchasing an additional 186 shares during the quarter. Caterpillar comprises about 2.5% of Robbins Farley’s investment portfolio, making the stock its 10th biggest position. Robbins Farley’s holdings in Caterpillar were worth $5,276,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its stake in shares of Caterpillar by 6.0% during the 3rd quarter. Czech National Bank now owns 98,778 shares of the industrial products company’s stock worth $38,634,000 after acquiring an additional 5,584 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Caterpillar by 33.1% during the third quarter. GAMMA Investing LLC now owns 7,980 shares of the industrial products company’s stock worth $3,121,000 after purchasing an additional 1,983 shares during the last quarter. WealthBridge Capital Management LLC boosted its stake in shares of Caterpillar by 21.5% during the third quarter. WealthBridge Capital Management LLC now owns 1,132 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 200 shares during the period. Diversified Trust Co grew its holdings in shares of Caterpillar by 16.5% in the third quarter. Diversified Trust Co now owns 7,486 shares of the industrial products company’s stock worth $2,928,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Everpar Advisors LLC increased its stake in Caterpillar by 9.9% in the 3rd quarter. Everpar Advisors LLC now owns 1,499 shares of the industrial products company’s stock worth $586,000 after buying an additional 135 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Down 2.6 %

Shares of NYSE:CAT 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. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The stock has a market cap of $174.59 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm’s 50 day moving average price is $380.88 and its 200 day moving average price is $371.17.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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, equities research analysts predict that Caterpillar Inc. will post 21.45 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 12,657 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares of the company’s stock, valued at approximately $29,171,646.75. The trade was a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 30,236 shares of company stock worth $12,102,371. 0.29% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAT. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a report on Monday, January 13th. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a research note on Monday. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target of $381.00.

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.