Caterpillar Inc. (NYSE:CAT) Shares Purchased by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,116 shares of the industrial products company’s stock after purchasing an additional 189 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Caterpillar were worth $1,493,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Midwest Capital Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $55,000. Partners Wealth Management LLC acquired a new position in Caterpillar during the fourth quarter worth $352,000. Delta Financial Group Inc. acquired a new position in Caterpillar during the fourth quarter worth $699,000. MONECO Advisors LLC raised its holdings in Caterpillar by 20.2% during the fourth quarter. MONECO Advisors LLC now owns 5,478 shares of the industrial products company’s stock worth $1,987,000 after purchasing an additional 919 shares during the last quarter. Finally, Howard Capital Management Inc. increased its position in Caterpillar by 4.9% during the fourth quarter. Howard Capital Management Inc. now owns 3,356 shares of the industrial products company’s stock worth $1,217,000 after buying an additional 157 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT stock opened at $339.84 on Monday. The stock has a 50-day moving average price of $368.73 and a two-hundred day moving average price of $372.72. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market cap of $162.42 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Insiders Place Their Bets

In related news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,704 shares of company stock worth $7,226,584 over the last quarter. 0.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Citigroup raised their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Truist Financial dropped their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $383.80.

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.