ST Germain D J Co. Inc. Buys 1,910 Shares of Caterpillar Inc. (NYSE:CAT)

ST Germain D J Co. Inc. increased its stake in Caterpillar Inc. (NYSE:CAT) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,345 shares of the industrial products company’s stock after acquiring an additional 1,910 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Caterpillar were worth $3,027,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CAT. Acadian Asset Management LLC grew its position in Caterpillar by 4.9% in 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 during the period. American Century Companies Inc. grew its position in Caterpillar by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 504,918 shares of the industrial products company’s stock valued at $168,188,000 after purchasing an additional 27,108 shares during the period. Main Street Financial Solutions LLC boosted its holdings in Caterpillar by 4.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 852 shares of the industrial products company’s stock worth $284,000 after acquiring an additional 39 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Caterpillar by 9.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 66,571 shares of the industrial products company’s stock worth $22,175,000 after acquiring an additional 5,517 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC boosted its holdings in Caterpillar by 17.7% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 912 shares of the industrial products company’s stock worth $304,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Cheryl H. Johnson sold 2,664 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $378.84, for a total value of $1,009,229.76. Following the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at approximately $4,906,356.84. This trade represents a 17.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the completion of the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at $642,332.28. The trade was a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,868 shares of company stock valued at $9,679,489. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $351.01 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 52 week low of $276.94 and a 52 week high of $418.50. The company has a market cap of $169.47 billion, a PE ratio of 16.27, a P/E/G ratio of 1.92 and a beta of 1.13. The business has a 50 day moving average of $382.16 and a 200 day moving average of $365.15.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.61%. Caterpillar’s payout ratio is 26.15%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Evercore ISI downgraded shares of Caterpillar from an “in-line” rating to an “underperform” rating and lifted their price objective for the stock from $321.00 to $365.00 in a report on Wednesday, November 13th. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup lifted their price objective on shares of Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Truist Financial lifted their price objective on shares of Caterpillar from $454.00 to $471.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, UBS Group boosted their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $384.33.

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.