Roxbury Financial LLC Acquires Shares of 3,346 Caterpillar Inc. (NYSE:CAT)

Roxbury Financial LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,346 shares of the industrial products company’s stock, valued at approximately $1,214,000. Caterpillar makes up about 1.2% of Roxbury Financial LLC’s holdings, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Guyasuta Investment Advisors Inc. increased its position in Caterpillar by 12.0% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 16,178 shares of the industrial products company’s stock worth $5,869,000 after purchasing an additional 1,731 shares in the last quarter. BXM Wealth LLC acquired a new position in Caterpillar in the 4th quarter worth about $228,000. Myriad Asset Management US LP bought a new position in Caterpillar in the fourth quarter valued at about $1,539,000. Rhumbline Advisers grew its holdings in shares of Caterpillar by 2.6% during the fourth quarter. Rhumbline Advisers now owns 888,409 shares of the industrial products company’s stock worth $322,279,000 after purchasing an additional 22,848 shares during the last quarter. Finally, WealthPLAN Partners LLC boosted its position in Caterpillar by 9.9% during the 4th quarter. WealthPLAN Partners LLC now owns 1,274 shares of the industrial products company’s stock worth $462,000 after buying an additional 115 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the purchase, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of several analyst reports. Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $383.13.

Caterpillar Stock Performance

CAT stock opened at $353.31 on Friday. The business has a 50 day moving average of $373.30 and a 200-day moving average of $371.69. 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 Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The firm has a market cap of $170.58 billion, a PE ratio of 16.01, a P/E/G ratio of 1.94 and a beta of 1.12.

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

Caterpillar Announces Dividend

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

About Caterpillar

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.