Tema Etfs LLC Invests $4.84 Million in Caterpillar Inc. (NYSE:CAT)

Tema Etfs LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,328 shares of the industrial products company’s stock, valued at approximately $4,835,000. Caterpillar comprises about 2.0% of Tema Etfs LLC’s portfolio, making the stock its 14th biggest position.

Other large investors also recently added to or reduced their stakes in the company. West Wealth Group LLC purchased a new stake in Caterpillar in the 4th quarter worth about $230,000. Cadinha & Co. LLC bought a new position in Caterpillar in the 4th quarter worth about $11,084,000. Atomi Financial Group Inc. boosted its stake in Caterpillar by 3.9% in the 4th quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock worth $8,414,000 after purchasing an additional 871 shares during the period. Proficio Capital Partners LLC boosted its stake in Caterpillar by 38.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,218 shares of the industrial products company’s stock worth $805,000 after purchasing an additional 614 shares during the period. Finally, Zhang Financial LLC boosted its stake in Caterpillar by 8.7% in the 4th quarter. Zhang Financial LLC now owns 9,158 shares of the industrial products company’s stock worth $3,322,000 after purchasing an additional 736 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $353.60 on Friday. The company has a market cap of $166.56 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. 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 Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The stock has a 50-day moving average price of $317.42 and a 200-day moving average price of $353.91.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.60 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. Caterpillar’s dividend payout ratio is 27.49%.

Insider Activity at Caterpillar

In other news, Director David Maclennan acquired 375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s 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 sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on CAT. Morgan Stanley upgraded Caterpillar from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $300.00 to $283.00 in a research note on Wednesday, April 16th. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 target price for the company in a research note on Thursday, May 1st. Citigroup raised their target price on Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Finally, Robert W. Baird upgraded Caterpillar from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $309.00 to $395.00 in a research report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $375.50.

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.