Sargent Investment Group LLC Acquires 923 Shares of Caterpillar Inc. (NYSE:CAT)

Sargent Investment Group LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,394 shares of the industrial products company’s stock after acquiring an additional 923 shares during the quarter. Sargent Investment Group LLC’s holdings in Caterpillar were worth $2,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CAT. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Caterpillar by 5.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,856 shares of the industrial products company’s stock worth $507,000 after buying an additional 103 shares during the last quarter. Walkner Condon Financial Advisors LLC bought a new stake in Caterpillar during the 3rd quarter worth $208,000. U.S. Capital Wealth Advisors LLC increased its holdings in Caterpillar by 0.8% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 13,874 shares of the industrial products company’s stock worth $3,788,000 after purchasing an additional 115 shares in the last quarter. Lantz Financial LLC raised its position in Caterpillar by 3.6% in the third quarter. Lantz Financial LLC now owns 4,209 shares of the industrial products company’s stock valued at $1,149,000 after purchasing an additional 148 shares during the last quarter. Finally, HCR Wealth Advisors boosted its stake in shares of Caterpillar by 20.2% during the third quarter. HCR Wealth Advisors now owns 3,586 shares of the industrial products company’s stock valued at $979,000 after purchasing an additional 603 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction 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 directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 21,194 shares of the company’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 completion of the sale, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CAT shares. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Morgan Stanley began coverage on Caterpillar in a research note on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target for the company. Finally, Truist Financial initiated coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $310.83.

Caterpillar Trading Up 1.6 %

Shares of Caterpillar stock traded up $5.38 on Friday, reaching $343.38. 3,324,630 shares of the company’s stock were exchanged, compared to its average volume of 2,414,735. The company has a market capitalization of $171.48 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 1.35. The firm’s 50-day moving average is $350.10 and its two-hundred day moving average is $300.99.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Sell-side analysts predict that Caterpillar Inc. will post 21.44 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

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.