Caterpillar Inc. (NYSE:CAT) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,423 shares of the industrial products company’s stock after purchasing an additional 190 shares during the period. D.A. Davidson & CO.’s holdings in Caterpillar were worth $28,449,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goldstone Financial Group LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $619,000. Resonant Capital Advisors LLC grew its holdings in Caterpillar by 4.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,761 shares of the industrial products company’s stock valued at $689,000 after purchasing an additional 73 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in Caterpillar by 6.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,159 shares of the industrial products company’s stock worth $2,018,000 after buying an additional 321 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Caterpillar by 9.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 111,400 shares of the industrial products company’s stock worth $43,571,000 after buying an additional 9,572 shares in the last quarter. Finally, Calton & Associates Inc. purchased a new position in Caterpillar in the 3rd quarter valued at about $3,911,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on CAT. Evercore ISI raised Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target for the company in a report on Monday, January 13th. Truist Financial reduced their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Finally, Bank of America cut their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $383.13.

Caterpillar Price Performance

Shares of CAT opened at $353.31 on Tuesday. 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 company has a market cap of $170.58 billion, a P/E ratio of 16.01, a PEG ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The stock has a fifty day moving average price of $372.47 and a 200 day moving average price of $372.14.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, research analysts forecast that Caterpillar Inc. will post 20.05 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

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.