Caterpillar Inc. (NYSE:CAT) Shares Purchased by Bokf Na

Bokf Na grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,404 shares of the industrial products company’s stock after acquiring an additional 575 shares during the quarter. Bokf Na’s holdings in Caterpillar were worth $13,831,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the 4th quarter worth $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar in the fourth quarter worth $34,000. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CAT shares. DA Davidson upped their price objective on shares of Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a report on Monday. Oppenheimer upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective for the company in a report on Thursday, May 1st. Robert W. Baird raised Caterpillar from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $300.00 to $309.00 in a report on Thursday, May 1st. Bank of America lowered their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $370.67.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Trading Down 0.2 %

NYSE CAT opened at $323.04 on Tuesday. The company has a market capitalization of $154.39 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $317.79 and its 200-day simple moving average is $356.78.

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

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders 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 yield of 1.75%. Caterpillar’s dividend payout ratio (DPR) is currently 27.49%.

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.