Archer Investment Corp Has $887,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Archer Investment Corp reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,001 shares of the industrial products company’s stock after selling 93 shares during the quarter. Archer Investment Corp’s holdings in Caterpillar were worth $887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Moneta Group Investment Advisors LLC increased its holdings in Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after buying an additional 9,776,533 shares during the last quarter. Norges Bank purchased a new position in Caterpillar in the fourth quarter valued at approximately $1,175,255,000. Ontario Teachers Pension Plan Board purchased a new stake in Caterpillar in the first quarter worth $433,134,000. Imprint Wealth LLC lifted its position in shares of Caterpillar by 24,982.9% during the 2nd quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock valued at $153,808,000 after buying an additional 1,531,952 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Caterpillar by 28,603.5% during the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after acquiring an additional 1,488,813 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Lange Bob De sold 21,194 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Maclennan bought 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. In the last three months, insiders have sold 45,769 shares of company stock worth $14,509,306. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Sanford C. Bernstein raised their price target on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Truist Financial initiated coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. Robert W. Baird raised their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. Finally, TD Cowen upped their target price on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $307.56.

Caterpillar Trading Down 0.7 %

Shares of Caterpillar stock traded down $2.56 on Wednesday, hitting $357.32. The stock had a trading volume of 1,655,654 shares, compared to its average volume of 2,425,861. The stock’s 50-day simple moving average is $344.54 and its two-hundred day simple moving average is $296.35. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The stock has a market cap of $178.45 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 1.62 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. The business had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $3.86 EPS. As a group, sell-side analysts predict that Caterpillar Inc. will post 21.33 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 25.82%.

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.