InTrack Investment Management Inc Increases Holdings in Caterpillar Inc. (NYSE:CAT)

InTrack Investment Management Inc grew its holdings in Caterpillar Inc. (NYSE:CAT) by 65.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,808 shares of the industrial products company’s stock after buying an additional 1,502 shares during the quarter. InTrack Investment Management Inc’s holdings in Caterpillar were worth $1,415,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CAT. Nordea Investment Management AB increased its position in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares during the period. Alpha Cubed Investments LLC increased its position in shares of Caterpillar by 5.6% during the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock valued at $45,591,000 after buying an additional 6,212 shares during the period. Citizens Financial Group Inc. RI raised its stake in Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after buying an additional 4,181 shares in the last quarter. First Affirmative Financial Network purchased a new stake in Caterpillar in the third quarter worth about $204,000. Finally, Inspire Advisors LLC grew its holdings in shares of Caterpillar by 25.8% during the 3rd quarter. Inspire Advisors LLC now owns 8,266 shares of the industrial products company’s stock worth $3,233,000 after acquiring an additional 1,694 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the completion of the sale, the director now directly owns 4,976 shares in the company, valued at $2,079,968. This represents a 20.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lange Bob De sold 12,657 shares of Caterpillar stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares in the company, valued at $29,171,646.75. This trade represents a 15.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,868 shares of company stock worth $13,480,389. 0.29% of the stock is owned by insiders.

Caterpillar Trading Up 1.4 %

Caterpillar stock opened at $386.03 on Friday. Caterpillar Inc. has a one year low of $277.66 and a one year high of $418.50. The business’s fifty day moving average is $380.09 and its 200 day moving average is $366.76. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. The stock has a market capitalization of $186.38 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last issued 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 company had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same quarter last year, the company earned $5.52 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Robert W. Baird boosted their target price on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. Truist Financial decreased their price target on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Finally, StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and a consensus target price of $380.60.

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.