Caterpillar Inc. $CAT Shares Acquired by Cozad Asset Management Inc.

Cozad Asset Management Inc. boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 41.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,421 shares of the industrial products company’s stock after buying an additional 2,447 shares during the quarter. Cozad Asset Management Inc.’s holdings in Caterpillar were worth $3,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Trivium Point Advisory LLC increased its position 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 worth $748,000 after purchasing an additional 1,099 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 7,125 shares in the last quarter. Palmer Knight Co acquired a new position in Caterpillar in the second quarter worth approximately $5,884,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Caterpillar by 11.2% during the second 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 acquiring an additional 1,440 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Caterpillar in the first quarter valued at approximately $427,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE CAT opened at $550.74 on Friday. The stock has a 50-day simple moving average of $518.69 and a 200 day simple moving average of $435.07. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $596.21. The stock has a market capitalization of $257.74 billion, a PE ratio of 28.27, a P/E/G ratio of 3.33 and a beta of 1.51. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.81 and a current ratio of 1.38.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. During the same period in the previous year, the business posted $5.17 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, October 20th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, October 20th. Caterpillar’s dividend payout ratio is presently 31.01%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 14,638 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total value of $8,231,825.68. Following the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 8,184 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the transaction, the insider owned 41,512 shares in the company, valued at approximately $23,669,312.16. The trade was a 16.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 86,229 shares of company stock worth $43,323,118. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAT. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Erste Group Bank upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Argus upped their price target on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company initiated coverage on Caterpillar in a research note on Thursday, November 13th. They issued an “overweight” rating and a $675.00 price objective on the stock. Finally, Truist Financial restated a “buy” rating and issued a $729.00 target price (up from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $610.32.

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.