Caterpillar Inc. (NYSE:CAT) Holdings Reduced by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,444 shares of the industrial products company’s stock after selling 109 shares during the period. Patton Albertson Miller Group LLC’s holdings in Caterpillar were worth $723,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Chicago Partners Investment Group LLC lifted its position in Caterpillar by 6.2% in the third quarter. Chicago Partners Investment Group LLC now owns 2,093 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 122 shares during the period. AustralianSuper Pty Ltd boosted its stake in Caterpillar by 69.6% during the third quarter. AustralianSuper Pty Ltd now owns 20,026 shares of the industrial products company’s stock valued at $5,467,000 after buying an additional 8,218 shares in the last quarter. TIAA Trust National Association acquired a new position in Caterpillar during the third quarter worth about $5,667,000. Dubuque Bank & Trust Co raised its position in Caterpillar by 10.4% in the third quarter. Dubuque Bank & Trust Co now owns 1,686 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 159 shares in the last quarter. Finally, Eads & Heald Wealth Management boosted its position in shares of Caterpillar by 10.0% during the 3rd quarter. Eads & Heald Wealth Management now owns 6,296 shares of the industrial products company’s stock valued at $1,719,000 after purchasing an additional 574 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the stock from $321.00 to $338.00 in a report on Tuesday, February 20th. Robert W. Baird increased their price objective on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. The Goldman Sachs Group boosted their target price on Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial assumed 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. Finally, Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $323.35.

Insiders Place Their Bets

In related news, Director David Maclennan bought 500 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now directly owns 5,738 shares in the company, valued at $1,935,943.82. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director David Maclennan purchased 500 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the acquisition, the director now directly owns 5,738 shares in the company, valued at approximately $1,935,943.82. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was 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 owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 2.1 %

Shares of NYSE CAT traded up $7.28 during mid-day trading on Thursday, reaching $351.78. The company had a trading volume of 3,182,127 shares, compared to its average volume of 2,508,150. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The stock’s 50 day moving average is $353.23 and its 200-day moving average is $305.54. The stock has a market capitalization of $172.04 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19.

Caterpillar (NYSE:CAT) last issued 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 company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is presently 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.