Hartline Investment Corp Invests $202,000 in Caterpillar Inc. (NYSE:CAT)

Hartline Investment Corp bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 683 shares of the industrial products company’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in the stock. Gilfoyle & Co LLC purchased a new stake in Caterpillar during the 4th quarter worth $30,000. Fortitude Family Office LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $39,000. Authentikos Wealth Advisory LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth about $41,000. Rational Advisors LLC acquired a new stake in shares of Caterpillar during the 3rd quarter valued at approximately $42,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Caterpillar during the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other 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 sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 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 sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Maclennan bought 350 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the acquisition, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Caterpillar from $385.00 to $435.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Truist Financial assumed coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. StockNews.com cut Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company raised their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Finally, Citigroup upped their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.56.

Caterpillar Trading Up 0.1 %

Shares of NYSE CAT traded up $0.23 during midday trading on Wednesday, hitting $363.48. The stock had a trading volume of 3,030,552 shares, compared to its average volume of 2,436,106. 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 Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $382.01. The company’s 50-day simple moving average is $348.44 and its 200 day simple moving average is $299.59. The firm has a market cap of $181.52 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.59 and a beta of 1.17.

Caterpillar (NYSE:CAT) last posted its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the previous year, the firm earned $3.86 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 21.32 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.43%. Caterpillar’s payout ratio is 25.82%.

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.