Price T Rowe Associates Inc. MD Sells 3,680 Shares of Caterpillar Inc. (NYSE:CAT)

Price T Rowe Associates Inc. MD trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,022,418 shares of the industrial products company’s stock after selling 3,680 shares during the period. Price T Rowe Associates Inc. MD owned 0.21% of Caterpillar worth $370,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. FSM Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 3.8% during the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock worth $262,000 after buying an additional 25 shares during the period. Allen Capital Group LLC grew its position in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock valued at $1,541,000 after purchasing an additional 26 shares during the last quarter. Wagner Wealth Management LLC increased its stake in shares of Caterpillar by 4.0% in the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 26 shares during the period. Channel Wealth LLC lifted its position in shares of Caterpillar by 1.9% during the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. grew its holdings in Caterpillar by 0.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company’s stock valued at $1,586,000 after buying an additional 27 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research analyst reports. Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Truist Financial dropped their price objective on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Finally, Citigroup cut their price target on Caterpillar from $430.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus target price of $359.36.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 3.8 %

Shares of NYSE:CAT opened at $306.89 on Friday. The company’s fifty day moving average is $322.40 and its 200-day moving average is $361.21. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The company has a market capitalization of $146.67 billion, a PE ratio of 13.91, a P/E/G ratio of 1.87 and a beta of 1.21.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

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.