Brighton Jones LLC Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Brighton Jones LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 32.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,610 shares of the industrial products company’s stock after purchasing an additional 1,387 shares during the quarter. Brighton Jones LLC’s holdings in Caterpillar were worth $1,659,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Caterpillar by 1.6% during the 3rd quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after purchasing an additional 111,384 shares in the last quarter. Morgan Stanley increased its holdings in Caterpillar by 0.7% in the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after acquiring an additional 47,258 shares in the last quarter. FMR LLC increased its holdings in Caterpillar by 14.9% in the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after acquiring an additional 1,488,813 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Caterpillar by 5.4% in the 3rd quarter. Lazard Asset Management LLC now owns 1,399,888 shares of the industrial products company’s stock worth $382,168,000 after acquiring an additional 71,344 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 4.4 %

Shares of CAT opened at $334.57 on Wednesday. The stock has a market capitalization of $167.08 billion, a PE ratio of 15.10, a P/E/G ratio of 1.51 and a beta of 1.17. Caterpillar Inc. has a 1 year low of $205.60 and a 1 year high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The company’s 50-day simple moving average is $351.08 and its 200-day simple moving average is $302.22.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 16.79% and a return on equity of 58.61%. Analysts forecast that Caterpillar Inc. will post 21.57 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be issued a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 annualized dividend and a yield of 1.55%. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Maclennan bought 350 shares of Caterpillar stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The disclosure for this purchase can be found here. Insiders have sold a total of 35,769 shares of company stock valued at $11,508,906 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial assumed coverage on shares of Caterpillar in a report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. HSBC boosted their price target on shares of Caterpillar from $330.00 to $360.00 and gave the stock a “hold” rating in a report on Tuesday. Wells Fargo & Company increased their target price on shares of Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, TD Cowen increased their target price on shares of Caterpillar from $338.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $323.35.

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.