Paradiem LLC Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Paradiem LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,061 shares of the industrial products company’s stock after purchasing an additional 7,666 shares during the quarter. Caterpillar makes up approximately 2.4% of Paradiem LLC’s holdings, making the stock its 2nd largest holding. Paradiem LLC’s holdings in Caterpillar were worth $8,592,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Gilfoyle & Co LLC purchased a new stake in Caterpillar in the fourth quarter worth about $30,000. Fortitude Family Office LLC purchased a new stake in Caterpillar in the fourth quarter worth about $39,000. Authentikos Wealth Advisory LLC purchased a new stake in Caterpillar in the third quarter worth about $41,000. Rational Advisors LLC purchased a new stake in Caterpillar in the third quarter worth about $42,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Caterpillar in the third quarter worth about $44,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CAT shares. Truist Financial started coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, TD Cowen lifted their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $310.83.

Caterpillar Stock Performance

NYSE:CAT traded up $5.38 during trading hours on Friday, reaching $343.38. The company had a trading volume of 3,324,630 shares, compared to its average volume of 2,414,735. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The firm has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.53 and a beta of 1.17. The firm’s 50 day moving average price is $350.10 and its 200-day moving average price is $300.99.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. On average, analysts forecast that Caterpillar Inc. will post 21.44 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 350 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the transaction, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Maclennan bought 350 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, with a total value of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Insiders sold a total of 35,769 shares of company stock valued at $11,508,906 in the last 90 days. Company insiders own 0.33% of the company’s stock.

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.