Foster & Motley Inc. Buys 290 Shares of Caterpillar Inc. (NYSE:CAT)

Foster & Motley Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,949 shares of the industrial products company’s stock after purchasing an additional 290 shares during the period. Foster & Motley Inc.’s holdings in Caterpillar were worth $6,149,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CAT. Nordea Investment Management AB lifted its holdings in Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after acquiring an additional 10,212 shares during the period. West Wealth Group LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $230,000. Alpha Cubed Investments LLC lifted its stake in shares of Caterpillar by 5.6% in the 3rd quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after purchasing an additional 6,212 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after buying an additional 4,181 shares during the last quarter. Finally, Cadinha & Co. LLC purchased a new stake in Caterpillar during the fourth quarter valued at approximately $11,084,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the completion of the sale, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,868 shares of company stock worth $13,480,389 over the last 90 days. 0.29% of the stock is owned by insiders.

Caterpillar Trading Up 1.0 %

Shares of Caterpillar stock opened at $394.01 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The firm has a market cap of $190.23 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.97 and a beta of 1.13. Caterpillar Inc. has a twelve month low of $299.93 and a twelve month high of $418.50. The business has a 50-day moving average price of $381.43 and a 200-day moving average price of $370.62.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The firm had revenue of $16.11 billion during the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.52 EPS. Equities research analysts anticipate that Caterpillar Inc. will post 21.69 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Wall Street Analysts Forecast Growth

CAT has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird boosted their price target on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a report on Thursday, October 31st. UBS Group raised their price objective on Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a research note on Tuesday. Citigroup reduced their target price on shares of Caterpillar from $460.00 to $420.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Morgan Stanley downgraded shares of Caterpillar from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $349.00 to $332.00 in a report on Monday, October 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $384.60.

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.