Caterpillar Inc. (NYSE:CAT) is Cross Staff Investments Inc’s 9th Largest Position

Cross Staff Investments Inc lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,104 shares of the industrial products company’s stock after selling 59 shares during the period. Caterpillar comprises 1.9% of Cross Staff Investments Inc’s holdings, making the stock its 9th biggest position. Cross Staff Investments Inc’s holdings in Caterpillar were worth $2,100,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Northern Trust Corp increased its stake in Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after purchasing an additional 111,384 shares in the last quarter. Morgan Stanley increased its stake in Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock valued at $1,864,823,000 after purchasing an additional 47,258 shares in the last quarter. FMR LLC increased its stake in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares in the last quarter. International Assets Investment Management LLC increased its stake in Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after purchasing an additional 1,488,813 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Caterpillar by 5.4% during the 3rd quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock valued at $382,168,000 after purchasing an additional 71,344 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David Maclennan acquired 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Robert W. Baird increased their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. Morgan Stanley initiated coverage on shares of Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective on the stock. Truist Financial initiated coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective on the stock. Finally, StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Caterpillar has an average rating of “Hold” and an average target price of $310.83.

Caterpillar Price Performance

CAT traded up $6.10 during midday trading on Friday, hitting $344.10. 2,040,550 shares of the company traded hands, compared to its average volume of 2,479,667. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $171.84 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.62 and a beta of 1.17. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The business has a 50 day simple moving average of $349.67 and a two-hundred day simple moving average of $300.30.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. On average, equities analysts forecast that Caterpillar Inc. will post 21.3 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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 paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

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.