Krilogy Financial LLC Boosts Stake in Caterpillar Inc. $CAT

Krilogy Financial LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 26.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,466 shares of the industrial products company’s stock after acquiring an additional 922 shares during the period. Krilogy Financial LLC’s holdings in Caterpillar were worth $2,840,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock valued at $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Caterpillar by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock valued at $1,695,757,000 after purchasing an additional 609,023 shares in the last quarter. Legal & General Group Plc lifted its position in Caterpillar by 2.2% during the third quarter. Legal & General Group Plc now owns 2,802,068 shares of the industrial products company’s stock valued at $1,337,007,000 after purchasing an additional 58,993 shares during the last quarter. Amundi lifted its position in Caterpillar by 24.3% during the third quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock valued at $1,176,870,000 after purchasing an additional 464,036 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Caterpillar by 0.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,835,924 shares of the industrial products company’s stock worth $1,051,746,000 after buying an additional 5,510 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $798.76 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a 12 month low of $282.46 and a 12 month high of $801.77. The company has a market capitalization of $371.66 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.86 and a beta of 1.52. The firm’s 50-day moving average is $736.37 and its 200 day moving average is $638.56.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.49. The business had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.14 earnings per share. Research analysts predict that Caterpillar Inc. will post 22.85 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a yield of 0.8%. Caterpillar’s payout ratio is presently 32.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Argus upped their target price on shares of Caterpillar from $625.00 to $820.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on Caterpillar from $756.00 to $870.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 25th. Truist Financial upped their price objective on Caterpillar from $786.00 to $920.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer lifted their target price on Caterpillar from $817.00 to $832.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Finally, Barclays boosted their target price on Caterpillar from $625.00 to $700.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $757.55.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 10,671 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the sale, the insider directly owned 41,151 shares of the company’s stock, valued at approximately $28,001,197.95. The trade was a 20.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph E. Creed sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the completion of the transaction, the chief executive officer owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 125,950 shares of company stock worth $88,577,390 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.