Lincoln Capital Corp Increases Stock Position in Caterpillar Inc. (NYSE:CAT)

Lincoln Capital Corp increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 11.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585 shares of the industrial products company’s stock after purchasing an additional 58 shares during the period. Lincoln Capital Corp’s holdings in Caterpillar were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New Century Financial Group LLC grew its holdings in Caterpillar by 3.4% in the fourth quarter. New Century Financial Group LLC now owns 2,147 shares of the industrial products company’s stock valued at $781,000 after purchasing an additional 71 shares during the period. Key Client Fiduciary Advisors LLC boosted its stake in shares of Caterpillar by 4.8% in the fourth quarter. Key Client Fiduciary Advisors LLC now owns 939 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 43 shares during the period. Veracity Capital LLC lifted its stake in shares of Caterpillar by 4.5% in the fourth quarter. Veracity Capital LLC now owns 2,536 shares of the industrial products company’s stock worth $920,000 after acquiring an additional 109 shares in the last quarter. Red Door Wealth Management LLC grew its position in shares of Caterpillar by 3.2% during the fourth quarter. Red Door Wealth Management LLC now owns 2,043 shares of the industrial products company’s stock worth $741,000 after buying an additional 64 shares in the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $280,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Up 2.3 %

Shares of NYSE CAT opened at $406.87 on Friday. Caterpillar Inc. has a 52 week low of $288.34 and a 52 week high of $418.50. The business has a 50-day simple moving average of $380.20 and a two-hundred day simple moving average of $368.38. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.33. The company has a market cap of $196.44 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.97 and a beta of 1.13.

Caterpillar (NYSE:CAT) last posted 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). The firm had revenue of $16.11 billion for the quarter, compared to the consensus estimate of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.52 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 21.69 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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 1.39%. Caterpillar’s payout ratio is 26.15%.

Insider Transactions at Caterpillar

In related news, 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 value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO William E. Schaupp sold 968 shares of Caterpillar stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $380.98, for a total transaction of $368,788.64. Following the transaction, the chief accounting officer now directly owns 1,686 shares of the company’s stock, valued at approximately $642,332.28. This represents a 36.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,868 shares of company stock worth $13,480,389 in the last ninety days. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup dropped their price target on Caterpillar from $460.00 to $420.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Truist Financial reduced their target price on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a report on Thursday, January 16th. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average price target of $380.60.

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.