Caterpillar Inc. (NYSE:CAT) Shares Sold by Dnca Finance

Dnca Finance decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the industrial products company’s stock after selling 6,400 shares during the period. Caterpillar makes up approximately 1.1% of Dnca Finance’s holdings, making the stock its 27th largest position. Dnca Finance’s holdings in Caterpillar were worth $14,510,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $2,184,364,000. Raymond James Financial Inc. purchased a new position in Caterpillar during the 4th quarter valued at about $353,231,000. Proficio Capital Partners LLC grew its holdings in Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after buying an additional 803,166 shares during the last quarter. APG Asset Management N.V. increased its position in Caterpillar by 1,278.6% during the 4th quarter. APG Asset Management N.V. now owns 440,641 shares of the industrial products company’s stock worth $154,367,000 after purchasing an additional 408,678 shares in the last quarter. Finally, Amundi boosted its stake in shares of Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock worth $782,109,000 after purchasing an additional 318,891 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

CAT opened at $293.82 on Friday. The stock’s 50 day moving average price is $327.08 and its two-hundred day moving average price is $363.98. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $140.42 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Analysts Set New Price Targets

CAT has been the subject of several recent analyst reports. Evercore ISI lifted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Morgan Stanley raised Caterpillar from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $300.00 to $283.00 in a research note on Wednesday. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup cut their price target on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Truist Financial reduced their target price on Caterpillar from $438.00 to $389.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $361.64.

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % 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.

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.