Signet Financial Management LLC Has $7.50 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Signet Financial Management LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,370 shares of the industrial products company’s stock after selling 137 shares during the period. Caterpillar comprises approximately 1.1% of Signet Financial Management LLC’s holdings, making the stock its 17th largest position. Signet Financial Management LLC’s holdings in Caterpillar were worth $7,501,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar in the 4th quarter worth $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar in the 4th quarter worth $30,000. Atlas Capital Advisors LLC grew its stake in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Finally, First Capital Advisors Group LLC. bought a new stake in shares of Caterpillar in the 2nd quarter worth $30,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director David Maclennan bought 350 shares of Caterpillar stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Caterpillar news, Director David Maclennan acquired 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock valued at $14,509,306 over the last 90 days. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE CAT traded down $4.07 during midday trading on Tuesday, hitting $359.84. 1,146,586 shares of the stock traded hands, compared to its average volume of 2,417,749. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The firm has a market capitalization of $179.70 billion, a P/E ratio of 17.91, a PEG ratio of 1.63 and a beta of 1.17. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The firm has a 50-day moving average of $343.80 and a two-hundred day moving average of $295.74.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the prior year, the firm earned $3.86 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Caterpillar Inc. will post 21.33 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is currently 25.82%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Citigroup increased their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Stifel Nicolaus increased their price target on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Wells Fargo & Company increased their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Truist Financial initiated coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. One investment analyst has 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $307.56.

About Caterpillar

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.