Caterpillar Inc. (NYSE:CAT) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 28.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,052 shares of the industrial products company’s stock after purchasing an additional 457 shares during the quarter. Addison Advisors LLC’s holdings in Caterpillar were worth $607,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Gilfoyle & Co LLC acquired a new position in Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at about $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar during the 3rd quarter worth approximately $41,000. Rational Advisors LLC acquired a new position in Caterpillar during the third quarter worth approximately $42,000. Finally, Milestone Investment Advisors LLC purchased a new stake in Caterpillar in the third quarter valued at approximately $44,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In other Caterpillar news, Director David Maclennan purchased 350 shares of the stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the completion of the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The purchase was disclosed in a filing with the SEC, which is available at this link. In related news, Director David Maclennan purchased 350 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the acquisition, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition 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 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 sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,769 shares of company stock valued at $11,508,906. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAT. Wells Fargo & Company raised their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 target price for the company. TD Cowen raised their price target on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley started coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $310.83.

Caterpillar Price Performance

CAT traded up $5.38 on Friday, hitting $343.38. 3,324,630 shares of the company were exchanged, compared to its average volume of 2,414,735. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 1.35. The firm has a market capitalization of $171.48 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17. The business’s fifty day moving average is $350.10 and its 200 day moving average is $300.99.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping analysts’ consensus estimates of $5.12 by $0.48. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 21.44 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date 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.