Caterpillar Inc. (NYSE:CAT) Shares Bought by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 921 shares of the industrial products company’s stock after buying an additional 166 shares during the period. Cohen & Steers Inc.’s holdings in Caterpillar were worth $334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Caterpillar in the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $34,000. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Down 1.6 %

Shares of Caterpillar stock opened at $293.37 on Wednesday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The company has a market cap of $140.21 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average price of $331.31 and a 200 day moving average price of $365.85.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Monday, April 21st. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Analyst Ratings Changes

A number of brokerages have issued reports on CAT. Evercore ISI increased their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Truist Financial cut their price target on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, DA Davidson increased their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $365.87.

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.