Caterpillar Inc. (NYSE:CAT) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its holdings in Caterpillar Inc. (NYSE:CAT) by 43.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,199 shares of the industrial products company’s stock after buying an additional 2,500 shares during the period. Citizens Financial Group Inc. RI’s holdings in Caterpillar were worth $2,424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CAT. International Assets Investment Management LLC boosted its holdings in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after buying an additional 1,488,813 shares during the period. Winslow Capital Management LLC boosted its stake in Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the period. FMR LLC boosted its stake in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in Caterpillar by 5,293.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock valued at $142,620,000 after purchasing an additional 473,416 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in Caterpillar during the 3rd quarter valued at about $101,872,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now owns 5,238 shares in the company, valued at $1,693,812.06. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Insiders have sold a total of 35,769 shares of company stock valued at $11,508,906 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAT. Truist Financial began coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Finally, Citigroup boosted their price target on shares of Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $310.83.

Caterpillar Price Performance

Shares of NYSE CAT traded up $5.38 during midday trading on Friday, reaching $343.38. The company’s stock had a trading volume of 3,324,630 shares, compared to its average volume of 2,414,735. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41. The company has a 50 day moving average price of $350.10 and a 200 day moving average price of $300.80. Caterpillar Inc. has a one year low of $204.04 and a one year high of $382.01. The company has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.51 and a beta of 1.17.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. On average, equities research analysts expect that Caterpillar Inc. will post 21.3 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced 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. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

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.