Swedbank AB Has $102.16 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Swedbank AB decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 281,628 shares of the industrial products company’s stock after selling 390 shares during the period. Swedbank AB owned 0.06% of Caterpillar worth $102,163,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ascent Group LLC grew its holdings in Caterpillar by 19.3% in the 2nd quarter. Ascent Group LLC now owns 953 shares of the industrial products company’s stock valued at $317,000 after buying an additional 154 shares during the last quarter. Advisory Alpha LLC increased its position in Caterpillar by 17.1% during the second quarter. Advisory Alpha LLC now owns 4,081 shares of the industrial products company’s stock worth $1,360,000 after acquiring an additional 595 shares during the period. SPC Financial Inc. raised its stake in Caterpillar by 72.5% during the 2nd quarter. SPC Financial Inc. now owns 1,121 shares of the industrial products company’s stock valued at $373,000 after purchasing an additional 471 shares during the last quarter. 3Chopt Investment Partners LLC acquired a new stake in Caterpillar in the 2nd quarter worth $289,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Caterpillar during the 2nd quarter worth about $114,000. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 968 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $380.98, for a total value of $368,788.64. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,868 shares of company stock valued at $13,480,389. 0.29% of the stock is currently owned by insiders.

Caterpillar Stock Up 1.0 %

NYSE CAT opened at $394.01 on Thursday. The stock has a market capitalization of $190.23 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. Caterpillar Inc. has a 52 week low of $299.93 and a 52 week high of $418.50. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a fifty day moving average of $381.43 and a 200-day moving average of $370.62.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.16). Caterpillar had a return on equity of 59.09% and a net margin of 16.26%. The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period in the prior year, the firm posted $5.52 earnings per share. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Caterpillar Inc. will post 21.69 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a yield of 1.43%. Caterpillar’s dividend payout ratio is currently 26.15%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CAT. Jefferies Financial Group raised their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group raised their price target on shares of Caterpillar from $295.00 to $355.00 and gave the stock a “sell” rating in a research note on Tuesday. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Evercore ISI upgraded Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 price target on the stock in a research report on Monday, January 13th. Finally, Truist Financial dropped their price objective on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $384.60.

Caterpillar Company 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.