Caterpillar Inc. (NYSE:CAT) Shares Purchased by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 22.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 716 shares of the industrial products company’s stock after acquiring an additional 129 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in Caterpillar were worth $260,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CAT. Vanguard Group Inc. boosted its holdings in Caterpillar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock worth $16,980,629,000 after buying an additional 284,366 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock worth $3,790,841,000 after acquiring an additional 236,315 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock worth $3,294,505,000 after acquiring an additional 129,143 shares during the last quarter. Northern Trust Corp raised its position in shares of Caterpillar by 11.8% during the fourth quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock worth $2,483,937,000 after purchasing an additional 724,477 shares during the period. Finally, Norges Bank purchased a new stake in shares of Caterpillar during the fourth quarter valued at $2,184,364,000. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, 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. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CAT shares. Truist Financial restated a “buy” rating and set a $396.00 price objective (up previously from $389.00) on shares of Caterpillar in a report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $490.00 to $380.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $300.00 to $283.00 in a research report on Wednesday, April 16th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, DA Davidson dropped their price target on Caterpillar from $357.00 to $325.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $366.00.

Caterpillar Price Performance

Shares of CAT opened at $323.74 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm has a market cap of $154.73 billion, a PE ratio of 14.67, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The firm’s 50 day moving average price is $318.18 and its 200 day moving average price is $357.78.

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

Caterpillar Announces Dividend

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