Caterpillar Inc. (NYSE:CAT) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,433 shares of the industrial products company’s stock after buying an additional 39 shares during the period. Montag A & Associates Inc.’s holdings in Caterpillar were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Caterpillar by 1.7% during the third quarter. Creative Planning now owns 227,915 shares of the industrial products company’s stock valued at $89,142,000 after purchasing an additional 3,772 shares in the last quarter. Bfsg LLC boosted its holdings in shares of Caterpillar by 15.3% in the third quarter. Bfsg LLC now owns 317 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 42 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Caterpillar by 16.7% during the third quarter. Stratos Wealth Partners LTD. now owns 20,594 shares of the industrial products company’s stock valued at $8,055,000 after acquiring an additional 2,950 shares during the period. Stratos Wealth Advisors LLC lifted its position in Caterpillar by 3.4% in the third quarter. Stratos Wealth Advisors LLC now owns 5,103 shares of the industrial products company’s stock worth $1,996,000 after purchasing an additional 170 shares during the period. Finally, Goldstone Financial Group LLC bought a new position in Caterpillar during the 3rd quarter valued at $619,000. 70.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price objective for the company in a report on Monday, January 13th. Citigroup lifted their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. DA Davidson lifted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $383.13.

Caterpillar Trading Down 0.1 %

NYSE:CAT opened at $353.31 on Friday. The stock has a market cap of $170.58 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock’s 50-day moving average is $372.47 and its two-hundred day moving average is $371.96.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.60%. Caterpillar’s payout ratio is 25.56%.

Caterpillar Company 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.