Caterpillar Inc. (NYSE:CAT) Shares Acquired by Nabity Jensen Investment Management Inc

Nabity Jensen Investment Management Inc boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the industrial products company’s stock after purchasing an additional 59 shares during the quarter. Caterpillar makes up 0.8% of Nabity Jensen Investment Management Inc’s portfolio, making the stock its 27th biggest holding. Nabity Jensen Investment Management Inc’s holdings in Caterpillar were worth $1,059,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new position in shares of Caterpillar during the 2nd quarter worth about $36,000. Capital Performance Advisors LLP acquired a new position in Caterpillar during the third quarter worth approximately $36,000. Kimelman & Baird LLC raised its stake in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the period. HWG Holdings LP purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $54,000. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock worth $61,000 after buying an additional 50 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of NYSE CAT opened at $370.79 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a twelve month low of $276.94 and a twelve month high of $418.50. The business has a 50 day simple moving average of $381.63 and a 200-day simple moving average of $366.20. The company has a market capitalization of $179.02 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the company earned $5.52 EPS. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.52%. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Robert W. Baird lifted their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price for the company in a research report on Monday. Truist Financial lifted their price target on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $381.67.

Insiders Place Their Bets

In related news, CAO William E. Schaupp sold 968 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares of the company’s stock, valued at $642,332.28. This trade represents a 36.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now directly owns 4,976 shares of the company’s stock, valued at $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,868 shares of company stock valued at $9,679,489 over the last three months. Company insiders own 0.29% of the company’s stock.

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.