10,205 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,205 shares of the industrial products company’s stock, valued at approximately $3,701,000. Caterpillar makes up about 1.4% of Investor s Fiduciary Advisor Network LLC’s holdings, making the stock its 11th biggest position.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Caterpillar by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company’s stock worth $16,980,629,000 after purchasing an additional 284,366 shares during the period. Geode Capital Management LLC raised its holdings in Caterpillar by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company’s stock valued at $3,790,841,000 after acquiring an additional 236,315 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock worth $3,294,505,000 after acquiring an additional 129,143 shares during the last quarter. Northern Trust Corp grew its holdings in Caterpillar by 11.8% during the 4th quarter. Northern Trust Corp now owns 6,847,330 shares of the industrial products company’s stock worth $2,483,937,000 after acquiring an additional 724,477 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Caterpillar in the 4th quarter valued at $2,184,364,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Maclennan bought 375 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the acquisition, the director now owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This represents a 5.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective on the stock in a report on Thursday, May 1st. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Truist Financial reiterated a “buy” rating and issued a $396.00 price target (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Finally, Citigroup boosted their price objective on shares of Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $370.67.

Caterpillar Trading Up 0.4 %

Shares of CAT stock opened at $325.47 on Friday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $316.76 and its two-hundred day moving average is $355.18. The company has a market capitalization of $153.31 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.60 earnings per share. Equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is 27.49%.

About Caterpillar

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.