Canada Pension Plan Investment Board Has $99.17 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Canada Pension Plan Investment Board lifted its stake in Caterpillar Inc. (NYSE:CAT) by 384.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,366 shares of the industrial products company’s stock after buying an additional 216,960 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Caterpillar worth $99,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Caterpillar in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed 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 directly owns 6,275 shares of the company’s stock, 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. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAT. Bank of America decreased their price objective 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. JPMorgan Chase & Co. lowered their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a report on Monday. Evercore ISI raised their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Truist Financial dropped their price objective on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. One 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 presently has a consensus rating of “Hold” and an average target price of $361.64.

Caterpillar Stock Up 1.3 %

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

Caterpillar (NYSE:CAT) last released 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%. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be issued 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 currently 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.