Regal Investment Advisors LLC Increases Stock Position in Caterpillar Inc. (NYSE:CAT)

Regal Investment Advisors LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CATFree Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,824 shares of the industrial products company’s stock after buying an additional 179 shares during the quarter. Regal Investment Advisors LLC’s holdings in Caterpillar were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Caterpillar in the 4th quarter worth $1,660,560,000. International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 1,488,813 shares during the last quarter. Capital Wealth Planning LLC increased its holdings in shares of Caterpillar by 27,495.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,182,453 shares of the industrial products company’s stock worth $349,616,000 after buying an additional 1,178,168 shares during the last quarter. Winslow Capital Management LLC grew its holdings in shares of Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAT has been the topic of several recent research reports. Truist Financial initiated coverage on shares of Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price on the stock. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. HSBC increased their price target on shares of Caterpillar from $330.00 to $360.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Citigroup increased their price target on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, The Goldman Sachs Group increased their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $323.35.

Read Our Latest Analysis on CAT

Caterpillar Stock Performance

Shares of CAT stock opened at $329.46 on Tuesday. The company has a 50 day moving average price of $351.54 and a 200-day moving average price of $322.39. Caterpillar Inc. has a 52 week low of $223.76 and a 52 week high of $382.01. The firm has a market capitalization of $161.12 billion, a PE ratio of 14.87, a P/E/G ratio of 1.69 and a beta of 1.14. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CATGet Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.12 by $0.48. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. As a group, equities research analysts expect that Caterpillar Inc. will post 21.81 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, April 22nd were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.58%. The ex-dividend date was Friday, April 19th. Caterpillar’s dividend payout ratio is currently 23.48%.

Insider Buying and Selling at Caterpillar

In other news, Director David Maclennan purchased 500 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $337.39 per share, with a total value of $168,695.00. Following the completion of the acquisition, the director now directly owns 5,738 shares of the company’s stock, valued at $1,935,943.82. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $340.00, for a total value of $512,720.00. Following the transaction, the insider now owns 20,023 shares of the company’s stock, valued at $6,807,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Maclennan bought 500 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $337.39 per share, for a total transaction of $168,695.00. Following the acquisition, the director now directly owns 5,738 shares of the company’s stock, valued at approximately $1,935,943.82. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

About Caterpillar

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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