Caterpillar Inc. (NYSE:CAT) Stake Lessened by Capital International Ltd. CA

Capital International Ltd. CA decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,300 shares of the industrial products company’s stock after selling 6,786 shares during the period. Caterpillar accounts for about 1.2% of Capital International Ltd. CA’s investment portfolio, making the stock its 23rd largest holding. Capital International Ltd. CA’s holdings in Caterpillar were worth $28,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Principal Financial Group Inc. lifted its stake in Caterpillar by 0.7% during the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after purchasing an additional 5,371 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of Caterpillar by 47.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 156 shares of the industrial products company’s stock valued at $61,000 after acquiring an additional 50 shares during the last quarter. Tudor Financial Inc. bought a new stake in shares of Caterpillar during the 3rd quarter worth $854,000. Anchor Investment Management LLC grew its holdings in shares of Caterpillar by 2.9% in the 3rd quarter. Anchor Investment Management LLC now owns 13,317 shares of the industrial products company’s stock worth $5,208,000 after acquiring an additional 376 shares during the last quarter. Finally, World Investment Advisors LLC raised its position in shares of Caterpillar by 26.6% during the third quarter. World Investment Advisors LLC now owns 4,012 shares of the industrial products company’s stock worth $1,569,000 after purchasing an additional 843 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of CAT opened at $293.82 on Friday. 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 firm has a market cap of $140.42 billion, a PE ratio of 13.31, a PEG ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50. The firm’s 50 day moving average price is $328.46 and its 200 day moving average price is $364.66.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. Caterpillar’s payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CAT shares. Evercore ISI boosted their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Truist Financial reduced their price target on shares of Caterpillar from $438.00 to $389.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Caterpillar from $430.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Bank of America reduced 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. Finally, JPMorgan Chase & Co. lowered their price target on Caterpillar from $490.00 to $380.00 and set an “overweight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $361.64.

Insider Buying and Selling

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

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.