Caterpillar Inc. (NYSE:CAT) Shares Bought by MONECO Advisors LLC

MONECO Advisors LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,478 shares of the industrial products company’s stock after purchasing an additional 919 shares during the quarter. MONECO Advisors LLC’s holdings in Caterpillar were worth $1,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Goldstone Financial Group LLC acquired a new stake in Caterpillar during the 3rd quarter worth $619,000. Tectonic Advisors LLC boosted its position in shares of Caterpillar by 2.1% during the 3rd quarter. Tectonic Advisors LLC now owns 1,546 shares of the industrial products company’s stock valued at $605,000 after acquiring an additional 32 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 3rd quarter valued at about $437,000. BayBridge Capital Group LLC boosted its position in shares of Caterpillar by 35.4% during the 3rd quarter. BayBridge Capital Group LLC now owns 1,993 shares of the industrial products company’s stock valued at $780,000 after acquiring an additional 521 shares during the last quarter. Finally, Lincoln Capital Corp acquired a new position in shares of Caterpillar during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Truist Financial lowered their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. DA Davidson upped their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Trading Down 2.7 %

Shares of NYSE CAT opened at $339.84 on Friday. The stock has a market capitalization of $162.42 billion, a PE ratio of 15.40, a PEG ratio of 1.87 and a beta of 1.12. The stock has a fifty day simple moving average of $368.73 and a 200-day simple moving average of $372.40. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were issued a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of Caterpillar stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now directly owns 33,565 shares in the company, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,704 shares of company stock worth $7,226,584. Company insiders own 0.29% of the company’s stock.

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.