KLCM Advisors Inc. Cuts Holdings in Caterpillar Inc. (NYSE:CAT)

KLCM Advisors Inc. cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,047 shares of the industrial products company’s stock after selling 42 shares during the quarter. KLCM Advisors Inc.’s holdings in Caterpillar were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC boosted its stake in Caterpillar by 272.4% in the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Gilfoyle & Co LLC purchased a new position in Caterpillar in the fourth quarter valued at about $30,000. A.P. Gilfoyle & Co. L.P. purchased a new position in Caterpillar in the fourth quarter valued at about $30,000. Finally, First Capital Advisors Group LLC. purchased a new position in Caterpillar in the second quarter valued at about $30,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Citigroup boosted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Stifel Nicolaus boosted their price target on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Truist Financial started coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target on the stock. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, Morgan Stanley started coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $307.56.

Caterpillar Price Performance

CAT stock traded down $4.03 during midday trading on Wednesday, reaching $359.88. The company had a trading volume of 2,514,069 shares, compared to its average volume of 2,095,585. 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 1 year low of $204.04 and a 1 year high of $382.01. The company has a market capitalization of $179.72 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.62 and a beta of 1.17. The firm has a 50-day moving average price of $344.54 and a 200-day moving average price of $296.35.

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

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a $1.30 dividend. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.44%. Caterpillar’s dividend payout ratio (DPR) is 25.82%.

Insider Activity

In other Caterpillar news, Director David Maclennan acquired 350 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David Maclennan purchased 350 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, with a total value of $113,179.50. Following the transaction, the director now directly owns 5,238 shares of the company’s stock, valued at approximately $1,693,812.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lange Bob De sold 21,194 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the sale, 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. In the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

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.