Klingenstein Fields & Co. LP Purchases 64 Shares of Caterpillar Inc. (NYSE:CAT)

Klingenstein Fields & Co. LP lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,703 shares of the industrial products company’s stock after acquiring an additional 64 shares during the period. Klingenstein Fields & Co. LP’s holdings in Caterpillar were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CAT. BCK Partners Inc. bought a new stake in shares of Caterpillar during the 1st quarter worth approximately $2,580,000. Sei Investments Co. lifted its stake in Caterpillar by 17.3% in the 1st quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after purchasing an additional 9,695 shares during the last quarter. Dakota Wealth Management bought a new position in Caterpillar in the 1st quarter valued at approximately $405,000. Mather Group LLC. lifted its stake in Caterpillar by 6.8% in the 1st quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after purchasing an additional 165 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Caterpillar by 4.4% in the 1st quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after purchasing an additional 2,076 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.6 %

NYSE:CAT traded down $1.96 during trading hours on Friday, reaching $354.66. The company had a trading volume of 2,929,591 shares, compared to its average volume of 2,086,614. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.57 and a beta of 1.17. The business’s 50-day simple moving average is $346.70 and its two-hundred day simple moving average is $297.99. Caterpillar Inc. has a twelve month low of $204.04 and a twelve month high of $382.01.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. During the same period last year, the firm earned $3.86 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Caterpillar Inc. will post 21.41 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares in the company, valued at $17,774,001.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of several analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Thursday. Robert W. Baird raised their price target on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Truist Financial initiated coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Morgan Stanley initiated coverage on shares of Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. Finally, StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $307.56.

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.