Investors Asset Management of Georgia Inc. GA ADV Purchases 675 Shares of Caterpillar Inc. (NYSE:CAT)

Investors Asset Management of Georgia Inc. GA ADV lifted its position in Caterpillar Inc. (NYSE:CAT) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,493 shares of the industrial products company’s stock after purchasing an additional 675 shares during the period. Caterpillar makes up approximately 1.3% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 16th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Caterpillar were worth $2,504,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC boosted its holdings in Caterpillar by 272.4% during the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares in the last quarter. Gilfoyle & Co LLC bought a new stake in Caterpillar during the fourth quarter worth about $30,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Caterpillar in the 4th quarter valued at approximately $30,000. Finally, First Capital Advisors Group LLC. acquired a new stake in Caterpillar in the second quarter valued at $30,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Wells Fargo & Company increased their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. Finally, TD Cowen increased their target price on Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $307.56.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar 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 owns 23,474 shares in the company, valued at approximately $7,741,725.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT traded down $0.52 during trading on Thursday, reaching $357.80. The company’s stock had a trading volume of 968,628 shares, compared to its average volume of 2,415,292. The firm has a market cap of $178.69 billion, a price-to-earnings ratio of 17.79, a price-to-earnings-growth ratio of 1.60 and a beta of 1.17. Caterpillar Inc. has a 12 month low of $204.04 and a 12 month high of $382.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The firm has a 50 day moving average of $345.24 and a 200-day moving average of $296.78.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter last year, the company posted $3.86 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that Caterpillar Inc. will post 21.33 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s payout ratio is currently 25.82%.

About Caterpillar

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.