Xponance Inc. Sells 3,593 Shares of Caterpillar Inc. (NYSE:CAT)

Xponance Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,207 shares of the industrial products company’s stock after selling 3,593 shares during the period. Xponance Inc.’s holdings in Caterpillar were worth $29,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Moneta Group Investment Advisors LLC lifted its holdings in Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Norges Bank bought a new position in Caterpillar during the fourth quarter worth about $1,175,255,000. Ontario Teachers Pension Plan Board bought a new position in Caterpillar during the first quarter worth about $433,134,000. Imprint Wealth LLC lifted its holdings in Caterpillar by 24,982.9% during the second quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after acquiring an additional 1,531,952 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Caterpillar by 28,603.5% during the fourth quarter. International Assets Investment Management LLC now owns 1,494,018 shares of the industrial products company’s stock worth $4,417,360,000 after acquiring an additional 1,488,813 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a report on Thursday. Morgan Stanley initiated coverage on Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 20th. Truist Financial began coverage on shares of Caterpillar in a research note on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Finally, Evercore ISI cut shares of Caterpillar from an “outperform” rating to an “in-line” rating and raised their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $307.56.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

Caterpillar stock traded down $0.39 during mid-day trading on Thursday, hitting $357.93. 1,920,134 shares of the company’s stock traded hands, compared to its average volume of 2,422,963. The firm has a 50 day simple moving average of $345.24 and a two-hundred day simple moving average of $296.78. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The stock has a market cap of $178.75 billion, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.60 and a beta of 1.17. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. During the same quarter last year, the firm posted $3.86 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, research analysts expect that Caterpillar Inc. will post 21.33 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, April 19th. Caterpillar’s dividend payout ratio is currently 25.82%.

Caterpillar Company 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.