Caterpillar Inc. (NYSE:CAT) Shares Acquired by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI boosted its position in Caterpillar Inc. (NYSE:CAT) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,552 shares of the industrial products company’s stock after buying an additional 527 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in Caterpillar were worth $926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in Caterpillar by 4.9% during the 2nd quarter. Acadian Asset Management LLC now owns 9,483 shares of the industrial products company’s stock valued at $3,157,000 after purchasing an additional 446 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $729,000. Angeles Wealth Management LLC raised its holdings in Caterpillar by 9.4% in the second quarter. Angeles Wealth Management LLC now owns 916 shares of the industrial products company’s stock valued at $305,000 after acquiring an additional 79 shares in the last quarter. AdvisorShares Investments LLC bought a new position in Caterpillar during the 2nd quarter valued at $421,000. Finally, LPL Financial LLC increased its position in shares of Caterpillar by 7.7% in the 2nd quarter. LPL Financial LLC now owns 836,044 shares of the industrial products company’s stock worth $278,486,000 after purchasing an additional 59,824 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the sale, the chief accounting officer now owns 1,686 shares in the company, valued at approximately $642,332.28. The trade was a 36.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 23,868 shares of company stock worth $9,679,489 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $8.25 on Friday, hitting $352.82. The company’s stock had a trading volume of 1,433,145 shares, compared to its average volume of 1,591,711. Caterpillar Inc. has a 12 month low of $276.94 and a 12 month high of $418.50. The stock’s 50-day moving average is $382.73 and its two-hundred day moving average is $365.00. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The company has a market capitalization of $170.34 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same period in the prior year, the company posted $5.52 earnings per share. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 21.68 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 26.15%.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Citigroup lifted their price target on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Truist Financial lifted their target price on Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $384.33.

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.