Caterpillar Inc. (NYSE:CAT) Holdings Boosted by Sigma Planning Corp

Sigma Planning Corp raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,353 shares of the industrial products company’s stock after buying an additional 1,508 shares during the period. Sigma Planning Corp’s holdings in Caterpillar were worth $9,560,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in Caterpillar in the 4th quarter worth $34,000. Capital Performance Advisors LLP acquired a new position in Caterpillar in the third quarter valued at about $36,000. Albion Financial Group UT raised its stake in shares of Caterpillar by 334.8% in the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Kimelman & Baird LLC raised its stake in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after buying an additional 30 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its stake in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock worth $42,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

CAT has been the subject of several recent analyst reports. Citigroup upped their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group upped their price target on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. DA Davidson upped their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Truist Financial reduced their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the acquisition, the director now directly owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the transaction, the insider now owns 33,565 shares of the company’s stock, valued at approximately $13,714,323.35. This trade represents a 15.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,704 shares of company stock worth $7,226,584. Insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $339.84 on Friday. The company has a fifty day moving average of $369.54 and a 200-day moving average of $372.24. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $162.42 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.89 and a beta of 1.12.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were given a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Tuesday, January 21st. Caterpillar’s dividend payout ratio (DPR) is 25.56%.

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.