Gould Asset Management LLC CA Increases Stake in Caterpillar Inc. (NYSE:CAT)

Gould Asset Management LLC CA boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,490 shares of the industrial products company’s stock after acquiring an additional 260 shares during the quarter. Gould Asset Management LLC CA’s holdings in Caterpillar were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Hanlon Investment Management Inc. boosted its stake in shares of Caterpillar by 20.6% in the third quarter. Hanlon Investment Management Inc. now owns 996 shares of the industrial products company’s stock worth $272,000 after acquiring an additional 170 shares during the last quarter. Culbertson A N & Co. Inc. boosted its stake in shares of Caterpillar by 0.3% in the third quarter. Culbertson A N & Co. Inc. now owns 43,515 shares of the industrial products company’s stock worth $11,879,000 after acquiring an additional 144 shares during the last quarter. Occidental Asset Management LLC boosted its stake in shares of Caterpillar by 36.7% in the third quarter. Occidental Asset Management LLC now owns 7,699 shares of the industrial products company’s stock worth $2,102,000 after acquiring an additional 2,065 shares during the last quarter. SS&H Financial Advisors Inc. acquired a new stake in shares of Caterpillar in the third quarter worth approximately $962,000. Finally, Measured Wealth Private Client Group LLC boosted its stake in shares of Caterpillar by 8.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 1,120 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 83 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Finally, Citigroup lifted their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $307.56.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 disclosure for this sale can be found here. Insiders sold 35,769 shares of company stock valued at $11,508,906 in the last three months. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Down 7.0 %

Shares of CAT stock traded down $25.28 on Thursday, hitting $338.24. The stock had a trading volume of 6,457,682 shares, compared to its average volume of 2,486,411. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. The firm has a market capitalization of $168.92 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.62 and a beta of 1.17. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $382.01. The company’s 50 day moving average price is $349.67 and its 200-day moving average price is $300.30.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter in the previous year, the business earned $3.86 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Caterpillar Inc. will post 21.32 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.54%. Caterpillar’s payout ratio is 25.82%.

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.