Caterpillar Inc. (NYSE:CAT) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in Caterpillar Inc. (NYSE:CAT) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,375 shares of the industrial products company’s stock after acquiring an additional 5,798 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Caterpillar were worth $20,813,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Goldstone Financial Group LLC purchased a new position in Caterpillar in the third quarter valued at $619,000. Smith Group Asset Management LLC purchased a new position in Caterpillar in the third quarter valued at $235,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Caterpillar in the third quarter valued at $440,000. China Universal Asset Management Co. Ltd. increased its holdings in Caterpillar by 127.3% in the third quarter. China Universal Asset Management Co. Ltd. now owns 1,757 shares of the industrial products company’s stock valued at $687,000 after buying an additional 984 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Caterpillar by 1.3% in the third quarter. Diversify Advisory Services LLC now owns 2,980 shares of the industrial products company’s stock valued at $1,158,000 after buying an additional 39 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $342.55 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The company 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 52 week low of $307.05 and a 52 week high of $418.50. The company has a 50-day moving average price of $366.82 and a 200 day moving average price of $372.88.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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

Insider Activity

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred 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 sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,704 shares of company stock worth $7,226,584. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent analyst reports. Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. DA Davidson raised their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Citigroup raised their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $383.80.

Caterpillar 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.