Caterpillar Inc. (NYSE:CAT) Stock Position Raised by Altshuler Shaham Ltd

Altshuler Shaham Ltd raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,756 shares of the industrial products company’s stock after purchasing an additional 1,508 shares during the quarter. Caterpillar accounts for 0.2% of Altshuler Shaham Ltd’s investment portfolio, making the stock its 16th biggest holding. Altshuler Shaham Ltd’s holdings in Caterpillar were worth $3,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gilfoyle & Co LLC acquired a new stake in Caterpillar during the 4th quarter worth about $30,000. Fortitude Family Office LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth approximately $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar during the third quarter valued at approximately $41,000. DiNuzzo Private Wealth Inc. acquired a new position in Caterpillar in the 4th quarter valued at approximately $41,000. Finally, Rational Advisors LLC acquired a new stake in Caterpillar in the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, Director David Maclennan acquired 500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $337.39 per share, with a total value of $168,695.00. Following the completion of the transaction, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director David Maclennan acquired 500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was purchased at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the transaction, the director now directly owns 5,738 shares of the company’s stock, valued at approximately $1,935,943.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Up 2.1 %

NYSE CAT traded up $7.28 during trading hours on Thursday, reaching $351.78. 3,182,127 shares of the company’s stock were exchanged, compared to its average volume of 2,508,150. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company’s 50-day moving average is $352.87 and its two-hundred day moving average is $305.22. The company has a market capitalization of $172.04 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. On average, analysts forecast that Caterpillar Inc. will post 21.79 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid 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 1.48%. Caterpillar’s dividend payout ratio is 23.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and lifted their price target for the company from $293.00 to $350.00 in a research report on Friday, April 26th. Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and raised their target price for the company from $321.00 to $338.00 in a report on Tuesday, February 20th. Finally, StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One equities research 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.com, Caterpillar has an average rating of “Hold” and an average target price of $323.35.

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.