Caterpillar Inc. (NYSE:CAT) Shares Purchased by Fagan Associates Inc.

Fagan Associates Inc. increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,595 shares of the industrial products company’s stock after acquiring an additional 40 shares during the quarter. Fagan Associates Inc.’s holdings in Caterpillar were worth $579,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new stake in Caterpillar during the fourth quarter worth about $609,000. Klingman & Associates LLC raised its stake in Caterpillar by 4.5% during the fourth quarter. Klingman & Associates LLC now owns 703 shares of the industrial products company’s stock worth $255,000 after acquiring an additional 30 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Caterpillar by 57.0% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 22,535 shares of the industrial products company’s stock worth $8,175,000 after acquiring an additional 8,178 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Caterpillar by 3.2% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 3,836 shares of the industrial products company’s stock worth $1,392,000 after acquiring an additional 118 shares during the period. Finally, Kestra Investment Management LLC raised its stake in Caterpillar by 31.6% during the fourth quarter. Kestra Investment Management LLC now owns 1,323 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 318 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

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

Caterpillar Stock Up 0.6 %

CAT stock opened at $355.42 on Wednesday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The firm has a market cap of $171.60 billion, a PE ratio of 16.10, a P/E/G ratio of 1.88 and a beta of 1.12. The firm has a 50 day simple moving average of $371.55 and a 200 day simple moving average of $372.29. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. Equities research analysts forecast that Caterpillar Inc. will post 19.98 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced 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. This represents a $5.64 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CAT shares. Citigroup upped their target price on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $383.13.

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.