Savant Capital LLC Purchases 238 Shares of Caterpillar Inc. (NYSE:CAT)

Savant Capital LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,885 shares of the industrial products company’s stock after purchasing an additional 238 shares during the quarter. Savant Capital LLC’s holdings in Caterpillar were worth $12,680,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAT. Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. Robert W. Baird lifted their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and lifted their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Finally, Citigroup lifted their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $323.35.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, 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 value of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, 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 sale, the chief financial officer now owns 57,317 shares in the company, valued at $17,774,001.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

Caterpillar stock opened at $335.96 on Wednesday. The stock’s 50 day moving average is $351.08 and its 200 day moving average is $302.22. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The firm has a market cap of $167.78 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.51 and a beta of 1.17. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, research analysts expect that Caterpillar Inc. will post 21.57 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 23.48%.

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.