Caterpillar Inc. (NYSE:CAT) Shares Bought by Jag Capital Management LLC

Jag Capital Management LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 834 shares of the industrial products company’s stock after buying an additional 57 shares during the quarter. Jag Capital Management LLC’s holdings in Caterpillar were worth $303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Caterpillar in the 3rd quarter worth approximately $36,000. Finally, Albion Financial Group UT boosted its position in Caterpillar by 334.8% in 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 in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley lowered their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Caterpillar presently has an average rating of “Hold” and an average target price of $383.80.

Insiders Place Their Bets

In other news, Director Gerald Johnson bought 100 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the acquisition, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Down 3.5 %

Shares of CAT opened at $331.75 on Tuesday. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a market capitalization of $158.55 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The stock has a fifty day simple moving average of $365.31 and a two-hundred day simple moving average of $373.10. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is presently 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.