Stephens Inc. AR Has $33.13 Million Position in Caterpillar Inc. (NYSE:CAT)

Stephens Inc. AR reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,340 shares of the industrial products company’s stock after selling 192 shares during the quarter. Stephens Inc. AR’s holdings in Caterpillar were worth $33,134,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Caterpillar in the third quarter valued at approximately $36,000. Albion Financial Group UT lifted its stake in Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 77 shares during the last quarter. Kimelman & Baird LLC lifted its stake in Caterpillar by 42.9% in the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its stake in Caterpillar by 130.0% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 65 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on CAT shares. Truist Financial dropped their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Morgan Stanley dropped their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup lifted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $383.13.

Insider Activity

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 4th. The shares were acquired at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the transaction, the director now directly owns 2,953 shares in the company, valued at approximately $1,176,977.21. This represents a 3.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Stock Down 0.4 %

CAT opened at $363.84 on Friday. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm’s fifty day moving average price is $376.59 and its two-hundred day moving average price is $371.29. The company has a market capitalization of $175.66 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.94 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, analysts anticipate that Caterpillar Inc. will post 20.05 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is presently 25.56%.

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.