Requisite Capital Management LLC Invests $321,000 in Caterpillar Inc. (NYSE:CAT)

Requisite Capital Management LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 884 shares of the industrial products company’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Guerra Pan Advisors LLC increased its position in shares of Caterpillar by 3.6% during the fourth quarter. Guerra Pan Advisors LLC now owns 4,447 shares of the industrial products company’s stock worth $1,613,000 after buying an additional 156 shares during the period. Clarendon Private LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $346,000. Regency Capital Management Inc. DE increased its stake in shares of Caterpillar by 4.5% in the 4th quarter. Regency Capital Management Inc. DE now owns 11,656 shares of the industrial products company’s stock valued at $4,228,000 after acquiring an additional 504 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in shares of Caterpillar by 0.7% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 33,273 shares of the industrial products company’s stock valued at $12,070,000 after acquiring an additional 237 shares during the period. Finally, Jacksonville Wealth Management LLC bought a new stake in Caterpillar in the fourth quarter valued at $642,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were purchased at an average cost of $398.57 per share, for a total transaction of $39,857.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Insiders sold a total of 33,868 shares of company stock valued at $13,480,389 over the last three months. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CAT shares. Bank of America raised their price objective on Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Robert W. Baird upped their price objective on shares of Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Finally, Truist Financial dropped their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $380.60.

Caterpillar Stock Up 0.4 %

CAT opened at $407.95 on Friday. The business’s fifty day simple moving average is $381.07 and its 200 day simple moving average is $369.19. Caterpillar Inc. has a 52 week low of $293.13 and a 52 week high of $418.50. 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 stock has a market cap of $196.96 billion, a PE ratio of 18.91, a P/E/G ratio of 1.97 and a beta of 1.13.

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

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be paid a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, January 21st. Caterpillar’s payout ratio is 26.15%.

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.