Vinva Investment Management Ltd Purchases 5,105 Shares of Caterpillar Inc. (NYSE:CAT)

Vinva Investment Management Ltd boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 33.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,142 shares of the industrial products company’s stock after purchasing an additional 5,105 shares during the period. Vinva Investment Management Ltd’s holdings in Caterpillar were worth $7,877,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CAT. International Assets Investment Management LLC raised its position in Caterpillar by 39,534.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock valued at $8,356,930,000 after purchasing an additional 2,131,276 shares during the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Caterpillar by 3,319.7% in the second quarter. Altshuler Shaham Ltd now owns 275,011 shares of the industrial products company’s stock valued at $91,606,000 after buying an additional 266,969 shares during the last quarter. Swedbank AB acquired a new position in Caterpillar during the 1st quarter worth about $97,042,000. Fisher Asset Management LLC grew its holdings in Caterpillar by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock worth $3,501,554,000 after acquiring an additional 205,012 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Caterpillar by 104.6% in the 2nd quarter. National Bank of Canada FI now owns 391,428 shares of the industrial products company’s stock valued at $128,768,000 after acquiring an additional 200,134 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Morgan Stanley cut shares of Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $349.00 to $332.00 in a research note on Monday, October 14th. Barclays lifted their target price on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Caterpillar from $435.00 to $500.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Bank of America lifted their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Truist Financial raised their target price on shares of Caterpillar from $399.00 to $456.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $365.33.

Insider Buying and Selling at Caterpillar

In other news, Director Daniel M. Dickinson sold 1,300 shares of Caterpillar stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total transaction of $543,400.00. Following the completion of the transaction, the director now directly owns 4,976 shares in the company, valued at approximately $2,079,968. The trade was a 20.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the completion of the sale, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.12. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,774 shares of company stock worth $8,233,034 over the last quarter. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Down 1.0 %

Caterpillar stock opened at $403.65 on Thursday. The company has a fifty day simple moving average of $390.02 and a 200 day simple moving average of $357.08. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Caterpillar Inc. has a 1-year low of $246.01 and a 1-year high of $418.50. The company has a market cap of $194.88 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing the consensus estimate of $5.33 by ($0.16). The company had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company posted $5.52 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 21.67 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, October 21st were given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, October 21st. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

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.