Axa S.A. Has $56.98 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Axa S.A. trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,081 shares of the industrial products company’s stock after selling 8,330 shares during the period. Axa S.A.’s holdings in Caterpillar were worth $56,983,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $34,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 3.1 %

NYSE CAT opened at $323.74 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market cap of $154.73 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.87 and a beta of 1.21. The stock’s 50-day moving average is $318.18 and its 200-day moving average is $357.53.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The company had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the business posted $5.60 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is 25.56%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAT. Truist Financial reaffirmed a “buy” rating and set a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a report on Thursday. Citigroup decreased their price target on Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Finally, Baird R W upgraded shares of Caterpillar from a “strong sell” rating to a “hold” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.00.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction 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 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 disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

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.