Caterpillar Inc. (NYSE:CAT) Holdings Lifted by Eads & Heald Wealth Management

Eads & Heald Wealth Management increased its holdings in Caterpillar Inc. (NYSE:CAT) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,442 shares of the industrial products company’s stock after acquiring an additional 309 shares during the period. Caterpillar comprises about 1.1% of Eads & Heald Wealth Management’s holdings, making the stock its 29th largest holding. Eads & Heald Wealth Management’s holdings in Caterpillar were worth $2,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CAT. Nordea Investment Management AB lifted its stake in shares of Caterpillar by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock valued at $231,686,000 after purchasing an additional 10,212 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in shares of Caterpillar by 5.6% in the third quarter. Alpha Cubed Investments LLC now owns 116,566 shares of the industrial products company’s stock worth $45,591,000 after buying an additional 6,212 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Caterpillar by 43.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after acquiring an additional 4,181 shares in the last quarter. Cadinha & Co. LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $11,084,000. Finally, First Affirmative Financial Network acquired a new stake in Caterpillar in the 3rd quarter worth approximately $204,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $398.67 on Wednesday. The firm has a market capitalization of $192.48 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. 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 12-month low of $286.10 and a 12-month high of $418.50. The firm has a 50-day moving average price of $379.88 and a 200 day moving average price of $367.68.

Caterpillar (NYSE:CAT) last announced 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 during 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%. Caterpillar’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.52 EPS. Research analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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 issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

Insider Activity

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $380.98, for a total value of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares in the company, valued at approximately $642,332.28. This trade represents a 36.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel M. Dickinson sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now directly owns 4,976 shares in the company, valued at $2,079,968. This trade represents a 20.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,868 shares of company stock worth $13,480,389. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted 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. UBS Group boosted their target price on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research report on Monday, November 4th. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial cut their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Morgan Stanley downgraded Caterpillar from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $349.00 to $332.00 in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $380.60.

About Caterpillar

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.