Proficio Capital Partners LLC Has $291.94 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Proficio Capital Partners LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 50,072.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 804,770 shares of the industrial products company’s stock after buying an additional 803,166 shares during the quarter. Proficio Capital Partners LLC owned 0.17% of Caterpillar worth $291,938,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. increased its stake in Caterpillar by 11.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 57,375 shares of the industrial products company’s stock valued at $20,813,000 after buying an additional 5,798 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Caterpillar by 30.0% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,554 shares of the industrial products company’s stock valued at $926,000 after buying an additional 590 shares during the period. New York Life Investment Management LLC increased its stake in Caterpillar by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 64,962 shares of the industrial products company’s stock valued at $23,566,000 after buying an additional 230 shares during the period. Convergence Financial LLC increased its stake in Caterpillar by 29.1% in the 4th quarter. Convergence Financial LLC now owns 1,060 shares of the industrial products company’s stock valued at $384,000 after buying an additional 239 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Caterpillar in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CAT. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Citigroup boosted their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Price Performance

NYSE:CAT opened at $342.55 on Thursday. The stock has a market cap of $163.72 billion, a P/E ratio of 15.52, a PEG ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a fifty day moving average price of $366.82 and a 200 day moving average price of $372.88. 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 (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s dividend payout ratio is 25.56%.

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,704 shares of company stock worth $7,226,584. 0.29% of the stock is currently owned by corporate insiders.

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.