Knuff & Co LLC Has $6.26 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Knuff & Co LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,157 shares of the industrial products company’s stock after buying an additional 150 shares during the period. Caterpillar makes up about 2.3% of Knuff & Co LLC’s portfolio, making the stock its 14th largest position. Knuff & Co LLC’s holdings in Caterpillar were worth $6,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Sapient Capital LLC purchased a new position in shares of Caterpillar in the 4th quarter worth approximately $3,755,000. W Advisors LLC grew its stake in Caterpillar by 2.0% in the 4th quarter. W Advisors LLC now owns 2,344 shares of the industrial products company’s stock valued at $693,000 after purchasing an additional 47 shares during the period. Axxcess Wealth Management LLC increased its position in shares of Caterpillar by 20.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 21,343 shares of the industrial products company’s stock valued at $6,310,000 after purchasing an additional 3,558 shares during the last quarter. Signature Resources Capital Management LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $271,000. Finally, LSV Asset Management grew its position in Caterpillar by 0.4% during the fourth quarter. LSV Asset Management now owns 238,200 shares of the industrial products company’s stock valued at $70,429,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CAT shares. Truist Financial began coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price on the stock. Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and increased their price objective for the company from $293.00 to $350.00 in a report on Friday, April 26th. TD Cowen upped their price objective on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday, April 26th. Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their price target for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group lifted their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One 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. According to MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average price target of $323.35.

Caterpillar Price Performance

CAT traded up $1.31 during midday trading on Friday, hitting $336.75. The stock had a trading volume of 1,977,087 shares, compared to its average volume of 2,750,444. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The business has a fifty day moving average of $351.89 and a 200 day moving average of $303.33. The company has a market cap of $164.69 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. As a group, equities analysts forecast that Caterpillar Inc. will post 21.79 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. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

Insider Activity at Caterpillar

In related news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the purchase, the director now directly owns 5,238 shares in the company, valued at $1,693,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David Maclennan acquired 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate 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.