Livforsakringsbolaget Skandia Omsesidigt Buys 363 Shares of Caterpillar Inc. (NYSE:CAT)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Caterpillar Inc. (NYSE:CAT) by 59.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 976 shares of the industrial products company’s stock after purchasing an additional 363 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Caterpillar were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Lodestar Private Asset Management LLC raised its stake in shares of Caterpillar by 4.4% during the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after acquiring an additional 35 shares during the last quarter. Desjardins Global Asset Management Inc. raised its stake in shares of Caterpillar by 1.4% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock valued at $774,000 after acquiring an additional 35 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Caterpillar by 1.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after acquiring an additional 36 shares during the last quarter. ACT Wealth Management LLC raised its stake in shares of Caterpillar by 4.3% during the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 36 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 37 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT stock traded up $0.85 during mid-day trading on Thursday, hitting $359.17. The company had a trading volume of 160,330 shares, compared to its average volume of 2,404,130. The firm has a market cap of $179.37 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $382.01. The stock’s fifty day moving average price is $345.24 and its two-hundred day moving average price is $296.78.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the firm posted $3.86 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts forecast that Caterpillar Inc. will post 21.33 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

Insider Activity

In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock valued at $14,509,306 over the last quarter. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CAT shares. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Thursday. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Citigroup lifted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. The Goldman Sachs Group lifted their target price on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Truist Financial started coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $307.56.

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.