Caterpillar Inc. (NYSE:CAT) Stock Holdings Raised by CCM Investment Advisers LLC

CCM Investment Advisers LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 66,893 shares of the industrial products company’s stock after buying an additional 210 shares during the quarter. Caterpillar accounts for approximately 2.4% of CCM Investment Advisers LLC’s holdings, making the stock its 9th largest holding. CCM Investment Advisers LLC’s holdings in Caterpillar were worth $19,779,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CAT. Norges Bank bought a new stake in shares of Caterpillar in the 4th quarter valued at approximately $1,660,560,000. International Assets Investment Management LLC increased its holdings in shares of Caterpillar by 28,603.5% in the 4th quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock valued at $4,417,360,000 after acquiring an additional 1,488,813 shares during the last quarter. Capital Wealth Planning LLC boosted its position in Caterpillar by 27,495.2% during the 4th quarter. Capital Wealth Planning LLC now owns 1,182,453 shares of the industrial products company’s stock valued at $349,616,000 after purchasing an additional 1,178,168 shares during the period. Winslow Capital Management LLC boosted its position in Caterpillar by 2,265.3% during the 3rd quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock valued at $305,168,000 after purchasing an additional 1,070,570 shares during the period. Finally, FMR LLC boosted its position in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after purchasing an additional 781,111 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Truist Financial assumed coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Stifel Nicolaus lowered Caterpillar from a “buy” rating to a “hold” rating and boosted their price objective for the company from $293.00 to $350.00 in a research report on Friday, April 26th. Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and boosted their price target for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, StockNews.com lowered Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $323.35.

Insider Activity at Caterpillar

In related news, insider Cheryl H. Johnson sold 1,508 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $340.00, for a total transaction of $512,720.00. Following the transaction, the insider now directly owns 20,023 shares of the company’s stock, valued at $6,807,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director David Maclennan bought 500 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the completion of the purchase, the director now directly owns 5,738 shares of the company’s stock, valued at approximately $1,935,943.82. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Cheryl H. Johnson sold 1,508 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $340.00, for a total value of $512,720.00. Following the sale, the insider now owns 20,023 shares of the company’s stock, valued at approximately $6,807,820. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Caterpillar Stock Down 1.5 %

Shares of Caterpillar stock opened at $321.47 on Monday. The stock’s fifty day moving average is $347.82 and its 200-day moving average is $324.59. The firm has a market capitalization of $157.21 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.65 and a beta of 1.14. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $382.01.

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

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, July 22nd will be given a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.75%. This is a positive change 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%.

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.