Caterpillar Inc. (NYSE:CAT) Shares Acquired by Forum Financial Management LP

Forum Financial Management LP raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,048 shares of the industrial products company’s stock after purchasing an additional 895 shares during the quarter. Forum Financial Management LP’s holdings in Caterpillar were worth $2,557,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Freedom Investment Management Inc. grew its holdings in Caterpillar by 10.3% during the fourth quarter. Freedom Investment Management Inc. now owns 4,312 shares of the industrial products company’s stock worth $1,564,000 after acquiring an additional 401 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $4,055,000. GeoWealth Management LLC grew its holdings in shares of Caterpillar by 6.1% in the 4th quarter. GeoWealth Management LLC now owns 3,323 shares of the industrial products company’s stock worth $1,205,000 after acquiring an additional 192 shares during the last quarter. Commerce Bank lifted its holdings in shares of Caterpillar by 1.2% during the fourth quarter. Commerce Bank now owns 144,456 shares of the industrial products company’s stock valued at $52,403,000 after purchasing an additional 1,758 shares during the last quarter. Finally, Cadence Bank boosted its position in shares of Caterpillar by 99.6% in the 4th quarter. Cadence Bank now owns 2,114 shares of the industrial products company’s stock valued at $767,000 after purchasing an additional 1,055 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 1.3 %

CAT stock opened at $293.82 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market cap of $140.42 billion, a PE ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The company has a fifty day simple moving average of $327.08 and a 200 day simple moving average of $363.98.

Caterpillar (NYSE:CAT) last released 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 return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, April 21st. Caterpillar’s dividend payout ratio is currently 25.56%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Morgan Stanley raised shares of Caterpillar from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $300.00 to $283.00 in a research note on Wednesday. Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Truist Financial decreased their price objective on Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and a consensus price target of $361.64.

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.