Belpointe Asset Management LLC Boosts Stake in Caterpillar Inc. (NYSE:CAT)

Belpointe Asset Management LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,682 shares of the industrial products company’s stock after purchasing an additional 688 shares during the period. Belpointe Asset Management LLC’s holdings in Caterpillar were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Mariner LLC increased its position in shares of Caterpillar by 2.8% in the fourth quarter. Mariner LLC now owns 231,214 shares of the industrial products company’s stock valued at $83,875,000 after buying an additional 6,261 shares in the last quarter. Cohen & Steers Inc. increased its holdings in Caterpillar by 22.0% in the 4th quarter. Cohen & Steers Inc. now owns 921 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 166 shares in the last quarter. Garner Asset Management Corp raised its position in Caterpillar by 2.6% during the fourth quarter. Garner Asset Management Corp now owns 2,337 shares of the industrial products company’s stock worth $848,000 after acquiring an additional 59 shares during the period. Fiducient Advisors LLC purchased a new position in Caterpillar during the fourth quarter valued at $1,529,000. Finally, Stamos Capital Partners L.P. grew its position in shares of Caterpillar by 6.7% in the fourth quarter. Stamos Capital Partners L.P. now owns 7,610 shares of the industrial products company’s stock valued at $2,761,000 after purchasing an additional 480 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. DA Davidson raised their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Citigroup lowered their price target on Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus price target of $365.87.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $298.07 on Tuesday. The business’s fifty day simple moving average is $332.75 and its 200-day simple moving average is $366.35. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $142.46 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a yield of 1.89%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by 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.