4,383 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,383 shares of the industrial products company’s stock, valued at approximately $1,316,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. International Assets Investment Management LLC boosted its stake in Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after purchasing an additional 1,488,813 shares during the period. Winslow Capital Management LLC boosted its position in shares of Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after acquiring an additional 1,070,570 shares during the last quarter. FMR LLC boosted its position in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after acquiring an additional 781,111 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Caterpillar during the 3rd quarter valued at approximately $101,872,000. Finally, Cerity Partners LLC boosted its position in shares of Caterpillar by 265.2% during the 4th quarter. Cerity Partners LLC now owns 507,322 shares of the industrial products company’s stock valued at $150,000,000 after acquiring an additional 368,421 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 1.6 %

NYSE CAT traded up $5.78 during trading on Tuesday, hitting $363.39. The company’s stock had a trading volume of 1,809,967 shares, compared to its average volume of 2,428,498. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a market cap of $181.48 billion, a PE ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17. The business’s 50 day simple moving average is $347.42 and its 200-day simple moving average is $298.90.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the previous year, the company posted $3.86 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 21.41 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

Analyst Ratings Changes

A number of research analysts have recently commented on CAT shares. Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Citigroup increased their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Robert W. Baird increased their price target on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $307.56.

Insider Activity

In other news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders sold 45,769 shares of company stock worth $14,509,306 over the last three months. 0.33% 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.