Caterpillar Inc. (NYSE:CAT) Shares Sold by Mather Group LLC.

Mather Group LLC. lowered its stake in Caterpillar Inc. (NYSE:CAT) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,956 shares of the industrial products company’s stock after selling 212 shares during the period. Mather Group LLC.’s holdings in Caterpillar were worth $4,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Nordea Investment Management AB lifted its position in Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after acquiring an additional 10,212 shares during the period. West Wealth Group LLC purchased a new stake in Caterpillar in the fourth quarter valued at approximately $230,000. Alpha Cubed Investments LLC increased its holdings in 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 buying an additional 6,212 shares during the period. Citizens Financial Group Inc. RI raised its position in Caterpillar by 43.0% during the 3rd 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 acquired a new stake in Caterpillar during the 4th quarter valued at approximately $11,084,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CAT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday. Truist Financial reduced their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research note on Monday, January 13th. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America dropped their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $381.00.

Insiders Place Their Bets

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the sale, the director now owns 4,976 shares in the company, valued at $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,236 shares of company stock worth $12,102,371 over the last 90 days. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $361.62 on Tuesday. The firm has a 50-day simple moving average of $380.88 and a two-hundred day simple moving average of $371.17. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The stock has a market cap of $174.59 billion, a PE ratio of 16.39, a P/E/G ratio of 1.95 and a beta of 1.12.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate 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, analysts forecast that Caterpillar Inc. will post 21.45 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is currently 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.