Caterpillar Inc. (NYSE:CAT) Holdings Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,602 shares of the industrial products company’s stock after selling 462 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Caterpillar were worth $14,003,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Caterpillar during the third quarter valued at approximately $36,000. Albion Financial Group UT raised its position in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $36,000. Finally, Kimelman & Baird LLC boosted its position in Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % 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 valued at $7,226,584 over the last ninety days. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of CAT stock opened at $342.55 on Thursday. The company has a market capitalization of $163.72 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a 50-day simple moving average of $366.82 and a 200 day simple moving average of $372.88. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.65%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 25.56%.

Analyst Ratings Changes

A number of research firms have issued reports on CAT. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Bank of America dropped their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Truist Financial reduced their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.