Herold Advisors Inc. Acquires 200 Shares of Caterpillar Inc. (NYSE:CAT)

Herold Advisors Inc. grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 17.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,350 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. Herold Advisors Inc.’s holdings in Caterpillar were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its holdings in Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock worth $1,900,847,000 after buying an additional 111,384 shares in the last quarter. Morgan Stanley raised its position in Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after buying an additional 47,258 shares during the last quarter. FMR LLC lifted its stake in shares of Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after acquiring an additional 1,488,813 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Caterpillar by 5.4% during the third quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock worth $382,168,000 after acquiring an additional 71,344 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,769 shares of company stock valued at $11,508,906. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 1.6 %

Shares of Caterpillar stock traded up $5.37 during trading hours on Friday, hitting $343.37. The company’s stock had a trading volume of 3,324,221 shares, compared to its average volume of 2,496,459. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $171.48 billion, a PE ratio of 17.05, a P/E/G ratio of 1.62 and a beta of 1.17. The business has a fifty day moving average of $350.10 and a 200 day moving average of $300.80. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $382.01.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. As a group, equities analysts forecast that Caterpillar Inc. will post 21.3 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.51%. Caterpillar’s dividend payout ratio is 25.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Robert W. Baird upped their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Truist Financial initiated coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Finally, TD Cowen upped their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $310.83.

Caterpillar 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.