Sapient Capital LLC Purchases 94 Shares of Caterpillar Inc. (NYSE:CAT)

Sapient Capital LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,307 shares of the industrial products company’s stock after purchasing an additional 94 shares during the period. Sapient Capital LLC’s holdings in Caterpillar were worth $4,464,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Pineridge Advisors LLC boosted its stake in shares of Caterpillar by 43.6% during the 4th quarter. Pineridge Advisors LLC now owns 168 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 51 shares during the period. Arlington Trust Co LLC boosted its position in Caterpillar by 41.5% during the fourth quarter. Arlington Trust Co LLC now owns 1,070 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 314 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Caterpillar by 2.2% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 12,602 shares of the industrial products company’s stock valued at $4,572,000 after purchasing an additional 268 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of Caterpillar by 16.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 1,629 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 228 shares during the period. Finally, Opal Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 6.9% during the 4th quarter. Opal Wealth Advisors LLC now owns 1,771 shares of the industrial products company’s stock worth $643,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CAT shares. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Truist Financial lowered 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar has an average rating of “Hold” and a consensus target price of $383.13.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction on 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 sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Trading Down 0.2 %

Shares of CAT opened at $363.11 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The firm has a market cap of $175.31 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 1.94 and a beta of 1.12. The business’s fifty day moving average is $376.59 and its 200-day moving average is $371.73.

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

Caterpillar Dividend Announcement

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

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.