Greenwood Gearhart Inc. Purchases 1,177 Shares of Caterpillar Inc. (NYSE:CAT)

Greenwood Gearhart Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,252 shares of the industrial products company’s stock after purchasing an additional 1,177 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Caterpillar were worth $12,425,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Caterpillar in the 4th quarter valued at about $2,184,364,000. Raymond James Financial Inc. bought a new position in shares of Caterpillar in the 4th quarter worth $353,231,000. Proficio Capital Partners LLC raised its holdings in shares of Caterpillar by 50,072.7% in the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after acquiring an additional 803,166 shares during the last quarter. APG Asset Management N.V. lifted its stake in Caterpillar by 1,278.6% during the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock valued at $154,367,000 after acquiring an additional 408,678 shares in the last quarter. Finally, Amundi grew its position in Caterpillar by 17.3% in the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock worth $782,109,000 after purchasing an additional 318,891 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the 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 transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $293.37 on Wednesday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a market cap of $140.21 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.87 and a beta of 1.21. The business has a 50-day simple moving average of $331.31 and a 200 day simple moving average of $365.85.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. On average, research analysts forecast 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. Investors of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.92%. Caterpillar’s dividend payout ratio is presently 25.56%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial reduced their price target 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. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research note on Monday. DA Davidson boosted their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Citigroup reduced their target price on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $365.87.

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.