Roman Butler Fullerton & Co. Purchases 266 Shares of Caterpillar Inc. (NYSE:CAT)

Roman Butler Fullerton & Co. increased its position in Caterpillar Inc. (NYSE:CAT) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,915 shares of the industrial products company’s stock after purchasing an additional 266 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Caterpillar were worth $1,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CAT. International Assets Investment Management LLC raised its holdings in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after acquiring an additional 2,131,276 shares during the period. Zurich Insurance Group Ltd FI raised its holdings in Caterpillar by 4,018.6% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after acquiring an additional 249,155 shares during the period. Strategic Financial Concepts LLC raised its holdings in Caterpillar by 36,168.5% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company’s stock valued at $82,361,000 after acquiring an additional 226,415 shares during the period. Fisher Asset Management LLC raised its holdings in Caterpillar by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after acquiring an additional 205,012 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Caterpillar by 34.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock valued at $305,908,000 after acquiring an additional 200,210 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CAT. DA Davidson increased their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Bank of America reduced their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Robert W. Baird increased their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $383.13.

Insiders Place Their Bets

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This trade represents a 3.51 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares of the company’s stock, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $353.31 on Friday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm has a fifty day simple moving average of $373.30 and a 200 day simple moving average of $371.69. The company has a market capitalization of $170.58 billion, a PE ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

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.