Geneva Partners LLC Has $3.59 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Geneva Partners LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,150 shares of the industrial products company’s stock after selling 8,126 shares during the period. Caterpillar comprises 2.0% of Geneva Partners LLC’s holdings, making the stock its 24th biggest holding. Geneva Partners LLC’s holdings in Caterpillar were worth $3,593,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CAT. Gilfoyle & Co LLC bought a new stake in Caterpillar during the fourth quarter worth $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $30,000. Atlas Capital Advisors LLC lifted its stake in Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Caterpillar by 730.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Finally, First Capital Advisors Group LLC. purchased a new stake in Caterpillar in the second quarter worth $30,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CAT. The Goldman Sachs Group increased their price target on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Citigroup lifted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Robert W. Baird increased their target price on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. Finally, Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $307.56.

Caterpillar Trading Down 0.9 %

NYSE CAT traded down $3.25 on Friday, hitting $354.68. 2,928,312 shares of the stock were exchanged, compared to its average volume of 2,441,138. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The firm has a market capitalization of $177.13 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.59 and a beta of 1.17. The stock has a fifty day moving average price of $346.70 and a two-hundred day moving average price of $297.78.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. Caterpillar’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 earnings per share. Research analysts forecast that Caterpillar Inc. will post 21.4 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.47%. Caterpillar’s payout ratio is 25.82%.

Insider Activity

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock worth $14,509,306 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

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.