Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 16,700 Shares of Caterpillar Inc. $CAT

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Caterpillar Inc. (NYSE:CAT) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,546 shares of the industrial products company’s stock after acquiring an additional 16,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Caterpillar were worth $46,021,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trivium Point Advisory LLC lifted its stake in shares of Caterpillar by 132.9% in the 2nd quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 1,099 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after acquiring an additional 7,125 shares during the last quarter. Palmer Knight Co bought a new position in Caterpillar during the 2nd quarter valued at approximately $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Caterpillar by 11.2% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock valued at $5,557,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Ransom Advisory Ltd bought a new position in Caterpillar during the 1st quarter valued at approximately $427,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.8%

CAT stock opened at $527.12 on Tuesday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $544.99. The business’s 50 day moving average price is $466.75 and its two-hundred day moving average price is $401.50. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The company has a market capitalization of $246.95 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46.

Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $5.99 EPS. As a group, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio is presently 30.72%.

Analysts Set New Price Targets

A number of research firms have commented on CAT. Royal Bank Of Canada began coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price target for the company. Oppenheimer upped their price target on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Truist Financial upped their price target on Caterpillar from $507.00 to $582.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Caterpillar in a research report on Tuesday, October 14th. Finally, Sanford C. Bernstein upped their price target on Caterpillar from $447.00 to $502.00 and gave the company a “market perform” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $518.19.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares in the company, valued at $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,985 shares of company stock worth $25,559,300 in the last 90 days. Insiders own 0.33% of the company’s stock.

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.