Livforsakringsbolaget Skandia Omsesidigt Boosts Position in Caterpillar Inc. (NYSE:CAT)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 543.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,052 shares of the industrial products company’s stock after acquiring an additional 22,850 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Caterpillar were worth $9,813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Caterpillar during the 3rd quarter worth about $36,000. Albion Financial Group UT increased its position in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Kimelman & Baird LLC increased its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its position in shares of Caterpillar by 130.0% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $365.54 on Friday. The company has a market capitalization of $176.48 billion, a P/E ratio of 16.56, a PEG ratio of 1.95 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The business has a 50 day simple moving average of $378.20 and a 200-day simple moving average of $371.22. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is currently 25.56%.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent analyst reports. Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup lifted their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Truist Financial dropped their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average price target of $383.13.

View Our Latest Analysis on CAT

About Caterpillar

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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