Swedbank AB Has $102.16 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Swedbank AB lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,628 shares of the industrial products company’s stock after selling 390 shares during the quarter. Swedbank AB’s holdings in Caterpillar were worth $102,163,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CAT. Geode Capital Management LLC raised its stake in shares of Caterpillar by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock worth $3,987,206,000 after purchasing an additional 67,148 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Caterpillar by 2.3% in the third quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after acquiring an additional 205,012 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Caterpillar by 1.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock valued at $1,418,793,000 after acquiring an additional 64,452 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Caterpillar by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,227,378 shares of the industrial products company’s stock worth $1,262,290,000 after purchasing an additional 8,088 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

In related news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the purchase, the director now 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. Over the last quarter, insiders sold 33,868 shares of company stock valued at $13,480,389. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $394.01 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is $381.43 and its 200 day simple moving average is $370.62. Caterpillar Inc. has a 12-month low of $299.93 and a 12-month high of $418.50. The firm has a market cap of $190.23 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.97 and a beta of 1.13.

Caterpillar (NYSE:CAT) last issued its earnings results 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). The business had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.52 earnings per share. On average, analysts expect that Caterpillar Inc. will post 21.69 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Analysts Set New Price Targets

CAT has been the subject of several research reports. UBS Group raised their price target on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a report on Tuesday. Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $349.00 to $332.00 in a report on Monday, October 14th. Jefferies Financial Group increased their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial reduced their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $384.60.

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.