Capital International Sarl Sells 2,923 Shares of Caterpillar Inc. (NYSE:CAT)

Capital International Sarl lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,021 shares of the industrial products company’s stock after selling 2,923 shares during the quarter. Caterpillar makes up 1.0% of Capital International Sarl’s holdings, making the stock its 26th biggest holding. Capital International Sarl’s holdings in Caterpillar were worth $42,451,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Alexis Investment Partners LLC acquired a new position in Caterpillar in the 4th quarter worth about $1,223,000. Canada Pension Plan Investment Board increased its stake in shares of Caterpillar by 384.6% in the fourth quarter. Canada Pension Plan Investment Board now owns 273,366 shares of the industrial products company’s stock valued at $99,166,000 after buying an additional 216,960 shares during the period. GKV Capital Management Co. Inc. bought a new position in Caterpillar in the 4th quarter valued at approximately $1,208,000. Strategic Investment Solutions Inc. IL grew its holdings in Caterpillar by 14.5% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 378 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 48 shares during the last quarter. Finally, Capital Square LLC increased its position in Caterpillar by 6.7% in the 4th quarter. Capital Square LLC now owns 1,802 shares of the industrial products company’s stock valued at $654,000 after acquiring an additional 113 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of NYSE CAT opened at $293.82 on Friday. The firm has a market capitalization of $140.42 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.87 and a beta of 1.21. The firm’s 50-day moving average price is $328.46 and its 200-day moving average price is $364.66. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s payout ratio is currently 25.56%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on 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 acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI raised their price objective 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 decreased their target price on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $361.64.

About Caterpillar

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.