Modus Advisors LLC Has $4.40 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Modus Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,136 shares of the industrial products company’s stock after purchasing an additional 79 shares during the period. Caterpillar accounts for approximately 1.4% of Modus Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Modus Advisors LLC’s holdings in Caterpillar were worth $4,402,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the period. Altshuler Shaham Ltd raised its position in shares of Caterpillar by 3,319.7% in the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company’s stock valued at $91,606,000 after buying an additional 266,969 shares in the last quarter. Zurich Insurance Group Ltd FI grew its position in Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock worth $99,874,000 after buying an additional 249,155 shares in the last quarter. Fisher Asset Management LLC increased its stake in Caterpillar by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock worth $3,501,554,000 after acquiring an additional 205,012 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Caterpillar by 34.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock valued at $305,908,000 after acquiring an additional 200,210 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 0.4 %

Shares of CAT stock traded up $1.61 on Friday, hitting $361.38. The stock had a trading volume of 216,809 shares, compared to its average volume of 992,471. Caterpillar Inc. has a 12-month low of $276.94 and a 12-month high of $418.50. The stock has a market cap of $174.47 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. The business has a 50 day moving average of $384.88 and a 200 day moving average of $363.74. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion during the quarter, compared to analysts’ expectations of $16.37 billion. Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. Caterpillar’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.52 EPS. As a group, analysts expect that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders 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 is Tuesday, January 21st. Caterpillar’s payout ratio is currently 26.15%.

Wall Street Analyst Weigh In

CAT has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Truist Financial upped their target price on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. UBS Group boosted their price target on Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Morgan Stanley lowered shares of Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. Finally, StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $384.33.

Insider Activity

In related news, CAO William E. Schaupp sold 968 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is owned by corporate insiders.

Caterpillar 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.