Caterpillar Inc. (NYSE:CAT) Shares Bought by Garde Capital Inc.

Garde Capital Inc. increased its position in Caterpillar Inc. (NYSE:CAT) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,116 shares of the industrial products company’s stock after buying an additional 270 shares during the quarter. Garde Capital Inc.’s holdings in Caterpillar were worth $1,513,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Partnership Wealth Management LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $26,000. Gilfoyle & Co LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $30,000. Fortitude Family Office LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at $39,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $40,000. Finally, DiNuzzo Private Wealth Inc. acquired a new position in shares of Caterpillar in the 4th quarter worth $41,000. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the completion of the transaction, the insider now owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of Caterpillar stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $356.90, for a total value of $7,797,194.30. Following the transaction, the insider now directly owns 71,115 shares of the company’s stock, valued at approximately $25,380,943.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cheryl H. Johnson sold 1,508 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $340.00, for a total value of $512,720.00. Following the completion of the sale, the insider now directly owns 20,023 shares of the company’s stock, valued at $6,807,820. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Down 1.5 %

Caterpillar stock opened at $321.47 on Friday. Caterpillar Inc. has a one year low of $223.76 and a one year high of $382.01. The company’s fifty day moving average price is $347.82 and its two-hundred day moving average price is $324.06. The company has a market capitalization of $157.21 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.67 and a beta of 1.14. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, beating analysts’ consensus estimates of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $16.07 billion. On average, analysts forecast that Caterpillar Inc. will post 21.81 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Monday, July 22nd will be paid a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.75%. This is a boost from Caterpillar’s previous quarterly dividend of $1.30. The ex-dividend date is Monday, July 22nd. Caterpillar’s payout ratio is presently 23.48%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CAT. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. The Goldman Sachs Group upped their price target on shares of Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Truist Financial initiated coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Evercore ISI cut Caterpillar from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and upped their price target for the company from $293.00 to $350.00 in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $323.35.

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.