Lbp Am Sa Buys 9,436 Shares of Caterpillar Inc. $CAT

Lbp Am Sa boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 246.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,271 shares of the industrial products company’s stock after acquiring an additional 9,436 shares during the quarter. Lbp Am Sa’s holdings in Caterpillar were worth $6,332,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CAT. Norges Bank bought a new stake in shares of Caterpillar in the second quarter valued at about $2,165,899,000. Groupe la Francaise lifted its stake in Caterpillar by 82.0% in the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after acquiring an additional 12,278 shares in the last quarter. Trivium Point Advisory LLC lifted its stake in 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 in the last quarter. Union Bancaire Privee UBP SA boosted its position in Caterpillar by 155.9% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock worth $21,014,000 after acquiring an additional 28,773 shares during the last quarter. Finally, Palmer Knight Co bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $5,884,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE:CAT opened at $636.63 on Tuesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $655.78. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $297.93 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 2.42 and a beta of 1.57. The stock’s 50 day moving average price is $596.16 and its two-hundred day moving average price is $513.74.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same period in the prior year, the company posted $5.17 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the completion of the transaction, the insider directly owned 41,512 shares in the company, valued at $23,669,312.16. This represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the completion of the sale, the chief financial officer owned 45,460 shares in the company, valued at $26,142,227.60. This represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 54,729 shares of company stock worth $31,084,308. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CAT has been the subject of several recent research reports. Argus increased their target price on shares of Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. HSBC raised shares of Caterpillar from a “hold” rating to a “buy” rating and boosted their price target for the stock from $405.00 to $660.00 in a research report on Wednesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $730.00 to $740.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Truist Financial reaffirmed a “buy” rating and issued a $729.00 target price (up previously from $582.00) on shares of Caterpillar in a research report on Thursday, October 30th. Finally, Evercore ISI increased their price target on Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $637.70.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.