Vanguard Personalized Indexing Management LLC Has $11.98 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Vanguard Personalized Indexing Management LLC boosted its stake in Caterpillar Inc. (NYSE:CATFree Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,515 shares of the industrial products company’s stock after buying an additional 519 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Caterpillar were worth $11,979,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in shares of Caterpillar by 1.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 283,007 shares of the industrial products company’s stock worth $83,678,000 after purchasing an additional 3,031 shares during the period. Goelzer Investment Management Inc. increased its position in Caterpillar by 3.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 15,602 shares of the industrial products company’s stock worth $4,613,000 after buying an additional 492 shares during the period. Lmcg Investments LLC lifted its holdings in shares of Caterpillar by 2.0% during the fourth quarter. Lmcg Investments LLC now owns 33,233 shares of the industrial products company’s stock worth $9,826,000 after buying an additional 653 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Caterpillar by 32.0% in the fourth quarter. Vise Technologies Inc. now owns 8,209 shares of the industrial products company’s stock valued at $2,427,000 after acquiring an additional 1,992 shares during the period. Finally, Fagan Associates Inc. grew its stake in shares of Caterpillar by 7.5% in the fourth quarter. Fagan Associates Inc. now owns 1,435 shares of the industrial products company’s stock valued at $424,000 after acquiring an additional 100 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAT. HSBC boosted their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Wells Fargo & Company increased their price target on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Truist Financial started coverage on Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price objective for the company. The Goldman Sachs Group increased their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $323.35.

Get Our Latest Analysis on CAT

Caterpillar Price Performance

Shares of CAT traded up $1.86 during trading hours on Wednesday, reaching $360.04. The stock had a trading volume of 1,911,346 shares, compared to its average volume of 2,483,744. The stock has a market capitalization of $176.08 billion, a PE ratio of 16.25, a PEG ratio of 1.53 and a beta of 1.19. Caterpillar Inc. has a 12 month low of $205.60 and a 12 month high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The company’s 50-day moving average is $354.44 and its two-hundred day moving average is $308.77.

Caterpillar (NYSE:CATGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Research analysts expect that Caterpillar Inc. will post 21.79 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.44%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

Insider Activity

In related news, insider Lange Bob De sold 21,847 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the completion of the sale, the insider now directly owns 71,115 shares in the company, valued at $25,380,943.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction 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 sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares in the company, valued at approximately $25,380,943.50. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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