ORG Partners LLC Sells 3,854 Shares of Caterpillar Inc. (NYSE:CAT)

ORG Partners LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 85.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 634 shares of the industrial products company’s stock after selling 3,854 shares during the period. ORG Partners LLC’s holdings in Caterpillar were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CAT. Norges Bank bought a new stake in shares of Caterpillar in the fourth quarter worth $1,660,560,000. International Assets Investment Management LLC grew its holdings in shares of Caterpillar by 28,603.5% in the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after acquiring an additional 1,488,813 shares during the period. Capital Wealth Planning LLC lifted its position in Caterpillar by 27,495.2% during the fourth quarter. Capital Wealth Planning LLC now owns 1,182,453 shares of the industrial products company’s stock valued at $349,616,000 after purchasing an additional 1,178,168 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Caterpillar by 19.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,264,635 shares of the industrial products company’s stock valued at $947,875,000 after purchasing an additional 529,420 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in Caterpillar by 5,293.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after purchasing an additional 473,416 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.3 %

Shares of CAT traded up $4.32 during mid-day trading on Friday, reaching $335.45. 1,875,305 shares of the company’s stock traded hands, compared to its average volume of 2,688,905. The stock has a market cap of $164.05 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.69 and a beta of 1.12. The stock’s 50-day moving average is $337.19 and its two-hundred day moving average is $331.43. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $382.01. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. The firm had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. Research analysts forecast that Caterpillar Inc. will post 21.73 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be paid a dividend of $1.41 per share. This is a boost from Caterpillar’s previous quarterly dividend of $1.30. The ex-dividend date is Monday, July 22nd. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.68%. Caterpillar’s dividend payout ratio is currently 23.48%.

Caterpillar announced that its board has authorized a share repurchase program on Wednesday, June 12th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the industrial products company to reacquire up to 12.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

CAT has been the topic of several analyst reports. Truist Financial initiated coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price on the stock. Citigroup initiated coverage on Caterpillar in a research report on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price objective on the stock. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Raymond James assumed coverage on Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, The Goldman Sachs Group boosted their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $329.63.

Insider Activity at Caterpillar

In related news, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the sale, the insider now owns 20,023 shares in the company, valued at $6,807,820. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the sale, the insider now owns 71,115 shares in the company, valued at $25,380,943.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cheryl H. Johnson sold 1,508 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $340.00, for a total value of $512,720.00. Following the sale, the insider now owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

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.