Vectors Research Management LLC Purchases New Stake in Caterpillar Inc. (NYSE:CAT)

Vectors Research Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CATFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,051 shares of the industrial products company’s stock, valued at approximately $902,000.

Several other large investors also recently modified their holdings of the stock. Partnership Wealth Management LLC acquired a new stake in Caterpillar in the 4th quarter worth about $26,000. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $30,000. Fortitude Family Office LLC acquired a new stake in Caterpillar during the fourth quarter worth approximately $39,000. Atlantic Edge Private Wealth Management LLC bought a new position in Caterpillar during the 4th quarter worth $40,000. Finally, DiNuzzo Private Wealth Inc. bought a new stake in shares of Caterpillar during the 4th quarter valued at $41,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Down 0.2 %

Caterpillar stock traded down $0.73 during trading hours on Friday, reaching $338.52. The stock had a trading volume of 8,319,505 shares, compared to its average volume of 2,168,015. The stock has a market cap of $165.55 billion, a PE ratio of 15.28, a PEG ratio of 1.74 and a beta of 1.19. The company has a fifty day simple moving average of $355.53 and a 200-day simple moving average of $318.53. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01.

Caterpillar (NYSE:CATGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Analysts forecast that Caterpillar Inc. will post 21.81 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, April 22nd were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Friday, April 19th. Caterpillar’s dividend payout ratio is presently 23.48%.

Insider Buying and Selling

In related news, Director David Maclennan acquired 500 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the purchase, the director now owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the transaction, the insider now owns 20,023 shares in the company, valued at $6,807,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Maclennan acquired 500 shares of Caterpillar stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $337.39 per share, with a total value of $168,695.00. Following the completion of the acquisition, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research analyst reports. Truist Financial started coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. TD Cowen lifted their target price on shares of Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Wells Fargo & Company upped their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group upped their target price on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and lifted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $323.35.

View Our Latest Analysis on Caterpillar

About Caterpillar

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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