Arizona State Retirement System Has $51 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Arizona State Retirement System raised its stake in Caterpillar Inc. (NYSE:CAT) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,575 shares of the industrial products company’s stock after acquiring an additional 351 shares during the quarter. Arizona State Retirement System’s holdings in Caterpillar were worth $50,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy CG LLC lifted its stake in shares of Caterpillar by 4.8% in the 3rd quarter. Legacy CG LLC now owns 16,344 shares of the industrial products company’s stock valued at $6,392,000 after acquiring an additional 755 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of Caterpillar by 10.1% during the third quarter. FSM Wealth Advisors LLC now owns 663 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 61 shares in the last quarter. James J. Burns & Company LLC grew its holdings in shares of Caterpillar by 31.9% during the third quarter. James J. Burns & Company LLC now owns 910 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 220 shares during the last quarter. ASB Consultores LLC bought a new position in Caterpillar in the 3rd quarter valued at approximately $292,000. Finally, United Advisor Group LLC increased its position in Caterpillar by 15.0% in the 3rd quarter. United Advisor Group LLC now owns 949 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 124 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Down 1.7 %

NYSE:CAT opened at $326.45 on Wednesday. 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 firm’s 50 day moving average is $364.49 and its 200 day moving average is $372.98. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The stock has a market capitalization of $156.02 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.87 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 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s dividend payout ratio is 25.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CAT. Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Truist Financial cut 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, February 3rd. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Morgan Stanley cut their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

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.