Caterpillar Inc. (NYSE:CAT) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. increased its position in Caterpillar Inc. (NYSE:CAT) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,940 shares of the industrial products company’s stock after buying an additional 2,100 shares during the period. Intact Investment Management Inc.’s holdings in Caterpillar were worth $3,826,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Gilfoyle & Co LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at $39,000. Authentikos Wealth Advisory LLC purchased a new position in shares of Caterpillar in the third quarter valued at $41,000. Rational Advisors LLC purchased a new position in shares of Caterpillar in the third quarter valued at $42,000. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Caterpillar in the third quarter valued at $44,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. TD Cowen upped their price target on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Truist Financial began coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Finally, Citigroup upped their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $310.83.

Caterpillar Price Performance

Shares of NYSE:CAT traded up $5.38 during trading hours on Friday, hitting $343.38. 3,324,630 shares of the company’s stock traded hands, compared to its average volume of 2,414,735. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 1.35. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The company has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17. The company’s fifty day simple moving average is $350.10 and its two-hundred day simple moving average is $300.99.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.44 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio is presently 23.48%.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Anthony D. Fassino sold 4,575 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is currently owned by corporate insiders.

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.