Mission Creek Capital Partners Inc. Purchases 295 Shares of Caterpillar Inc. (NYSE:CAT)

Mission Creek Capital Partners Inc. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,547 shares of the industrial products company’s stock after buying an additional 295 shares during the quarter. Caterpillar accounts for 1.1% of Mission Creek Capital Partners Inc.’s investment portfolio, making the stock its 24th biggest holding. Mission Creek Capital Partners Inc.’s holdings in Caterpillar were worth $5,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Berger Financial Group Inc lifted its position in shares of Caterpillar by 1.1% in the fourth quarter. Berger Financial Group Inc now owns 3,891 shares of the industrial products company’s stock valued at $1,411,000 after buying an additional 43 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in Caterpillar by 6.2% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 1,415 shares of the industrial products company’s stock valued at $513,000 after acquiring an additional 82 shares during the period. Prosperity Consulting Group LLC lifted its holdings in Caterpillar by 3.9% during the 4th quarter. Prosperity Consulting Group LLC now owns 3,335 shares of the industrial products company’s stock valued at $1,210,000 after purchasing an additional 125 shares during the last quarter. Oxford Asset Management LLP bought a new position in Caterpillar during the fourth quarter worth $826,000. Finally, Virtus ETF Advisers LLC raised its position in shares of Caterpillar by 16.8% in the fourth quarter. Virtus ETF Advisers LLC now owns 2,950 shares of the industrial products company’s stock valued at $1,070,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Truist Financial dropped their price target on Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Evercore ISI upped their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $361.75.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Trading Down 0.2 %

Shares of Caterpillar stock opened at $306.33 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a market capitalization of $146.40 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.87 and a beta of 1.21. The firm’s 50-day moving average price is $321.41 and its two-hundred day moving average price is $360.40.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.84%. Caterpillar’s payout ratio is 25.56%.

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.