Caterpillar Inc. $CAT is Allied Investment Advisors LLC’s 4th Largest Position

Allied Investment Advisors LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,070 shares of the industrial products company’s stock after selling 2,439 shares during the quarter. Caterpillar accounts for about 3.6% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Allied Investment Advisors LLC’s holdings in Caterpillar were worth $23,528,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CAT. Illinois Municipal Retirement Fund increased its position in shares of Caterpillar by 7.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after purchasing an additional 1,181 shares during the last quarter. Caprock Group LLC acquired a new position in Caterpillar in the third quarter worth about $8,893,000. State of New Jersey Common Pension Fund D increased its holdings in Caterpillar by 2.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company’s stock valued at $79,053,000 after buying an additional 4,010 shares during the last quarter. Juno Financial Group LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $877,000. Finally, ARK Investment Management LLC lifted its holdings in Caterpillar by 11.7% during the 3rd quarter. ARK Investment Management LLC now owns 31,144 shares of the industrial products company’s stock worth $14,860,000 after buying an additional 3,268 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAT shares. Truist Financial set a $1,043.00 price objective on Caterpillar in a research note on Friday, May 1st. Morgan Stanley set a $915.00 target price on shares of Caterpillar and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price target on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a research report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $923.14.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the sale, the chief financial officer directly owned 52,935 shares in the company, valued at $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO William E. Schaupp sold 360 shares of Caterpillar stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total value of $326,160.00. Following the transaction, the chief accounting officer owned 530 shares in the company, valued at approximately $480,180. This trade represents a 40.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 98,273 shares of company stock valued at $89,439,960 over the last three months. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 0.0%

NYSE:CAT opened at $880.23 on Tuesday. The stock has a market cap of $405.42 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.74 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a 1 year low of $336.24 and a 1 year high of $931.35. The business has a fifty day moving average of $795.32 and a 200-day moving average of $694.03.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.25 earnings per share. Equities analysts predict that Caterpillar Inc. will post 24.67 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were issued a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s payout ratio is presently 30.06%.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.