BLI Banque de Luxembourg Investments Invests $43.73 Million in Caterpillar Inc. (NYSE:CAT)

BLI Banque de Luxembourg Investments bought a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 120,400 shares of the industrial products company’s stock, valued at approximately $43,729,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at $34,000. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial reissued a “buy” rating and issued a $396.00 price target (up from $389.00) on shares of Caterpillar in a research note on Thursday. Bank of America dropped their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Oppenheimer raised Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price objective for the company in a research note on Thursday. Finally, DA Davidson lowered their price target on shares of Caterpillar from $357.00 to $325.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $366.00.

Caterpillar Trading Up 3.1 %

NYSE:CAT opened at $323.74 on Friday. The company has a 50-day moving average price of $318.18 and a 200-day moving average price of $357.53. The stock has a market cap of $154.73 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.87 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $5.60 EPS. Equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.74%. 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.