S.A. Mason LLC Raises Position in Caterpillar Inc. (NYSE:CAT)

S.A. Mason LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,231 shares of the industrial products company’s stock after buying an additional 45 shares during the quarter. S.A. Mason LLC’s holdings in Caterpillar were worth $447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Czech National Bank lifted its position in Caterpillar by 6.0% during the 3rd quarter. Czech National Bank now owns 98,778 shares of the industrial products company’s stock worth $38,634,000 after acquiring an additional 5,584 shares during the period. HBW Advisory Services LLC boosted its position in Caterpillar by 14.2% in the third quarter. HBW Advisory Services LLC now owns 709 shares of the industrial products company’s stock valued at $277,000 after buying an additional 88 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Caterpillar by 1.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 92,144 shares of the industrial products company’s stock worth $36,039,000 after buying an additional 1,677 shares during the period. GAMMA Investing LLC lifted its stake in Caterpillar by 33.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,980 shares of the industrial products company’s stock valued at $3,121,000 after acquiring an additional 1,983 shares during the period. Finally, WealthBridge Capital Management LLC boosted its holdings in shares of Caterpillar by 21.5% in the 3rd quarter. WealthBridge Capital Management LLC now owns 1,132 shares of the industrial products company’s stock valued at $443,000 after acquiring an additional 200 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $371.88 on Monday. The business’s 50 day moving average price is $380.88 and its 200-day moving average price is $371.07. Caterpillar Inc. has a 1 year low of $299.93 and a 1 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 capitalization of $179.54 billion, a PE ratio of 16.85, a P/E/G ratio of 1.95 and a beta of 1.12.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Caterpillar Inc. will post 21.45 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Insider Buying and Selling at Caterpillar

In related news, Director Daniel M. Dickinson sold 1,300 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the transaction, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. This represents a 20.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 12,657 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the completion of the transaction, the insider now directly owns 71,107 shares in the company, valued at approximately $29,171,646.75. This trade represents a 15.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,236 shares of company stock worth $12,102,371 in the last three months. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent research reports. Truist Financial decreased their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Robert W. Baird upped their price objective on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $382.13.

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.