Cullen Investment Group LTD. Buys 53 Shares of Caterpillar Inc. (NYSE:CAT)

Cullen Investment Group LTD. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,763 shares of the industrial products company’s stock after purchasing an additional 53 shares during the period. Cullen Investment Group LTD.’s holdings in Caterpillar were worth $3,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Fairfield Financial Advisors LTD purchased a new stake in Caterpillar during the second quarter worth $1,837,000. Capital Wealth Planning LLC raised its stake in shares of Caterpillar by 6.4% during the 2nd quarter. Capital Wealth Planning LLC now owns 1,381,453 shares of the industrial products company’s stock worth $460,162,000 after buying an additional 83,571 shares during the period. Black Diamond Financial LLC purchased a new stake in Caterpillar during the 2nd quarter worth approximately $231,000. Dimensional Fund Advisors LP increased its position in shares of Caterpillar by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company’s stock worth $1,022,488,000 after purchasing an additional 165,358 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $2,733,000. 70.98% of the stock is currently owned by institutional investors.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 12,657 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $410.25, for a total value of $5,192,534.25. Following the transaction, the insider now owns 71,107 shares of the company’s stock, valued at $29,171,646.75. This represents a 15.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cheryl H. Johnson sold 2,664 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $378.84, for a total transaction of $1,009,229.76. Following the completion of the transaction, the insider now directly owns 12,951 shares of the company’s stock, valued at $4,906,356.84. This trade represents a 17.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,868 shares of company stock worth $9,679,489. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $362.82 on Tuesday. Caterpillar Inc. has a one year low of $276.94 and a one year high of $418.50. The company has a market cap of $175.17 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10. The firm has a 50-day moving average of $381.88 and a 200-day moving average of $365.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company had revenue of $16.11 billion during the quarter, compared to analyst estimates of $16.37 billion. During the same quarter last year, the company posted $5.52 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts forecast that Caterpillar Inc. will post 21.68 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s dividend payout ratio is 26.15%.

Analyst Upgrades and Downgrades

CAT has been the subject of several research analyst reports. Citigroup raised their price target on Caterpillar from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America lifted their target price on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Truist Financial increased their target price on shares of Caterpillar from $454.00 to $471.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, UBS Group upped their price objective on Caterpillar from $285.00 to $295.00 and gave the company a “sell” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $384.33.

Caterpillar 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.