Nvwm LLC Boosts Stake in Caterpillar Inc. (NYSE:CAT)

Nvwm LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 24.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,429 shares of the industrial products company’s stock after purchasing an additional 682 shares during the quarter. Nvwm LLC’s holdings in Caterpillar were worth $1,244,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its position in shares of Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares during the last quarter. West Wealth Group LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $230,000. Alpha Cubed Investments LLC grew its position in shares of Caterpillar by 5.6% in the 3rd quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after acquiring an additional 6,212 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Caterpillar by 43.0% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after acquiring an additional 4,181 shares during the last quarter. Finally, Cadinha & Co. LLC bought a new position in Caterpillar during the fourth quarter worth $11,084,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, insider Lange Bob De sold 12,657 shares of the stock in a transaction on 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 directly owns 71,107 shares in the company, valued at $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 28,936 shares of company stock worth $11,558,971. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $362.21 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $174.88 billion, a PE ratio of 16.41, a PEG ratio of 1.95 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm’s 50 day moving average price is $380.00 and its 200 day moving average price is $371.21.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, research analysts expect that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced 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 yield of 1.56%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CAT shares. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Truist Financial cut their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday. Citigroup lifted their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. DA Davidson raised their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $379.50.

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.