Headlands Technologies LLC Purchases 561 Shares of Caterpillar Inc. (NYSE:CAT)

Headlands Technologies LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 171.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 888 shares of the industrial products company’s stock after acquiring an additional 561 shares during the quarter. Headlands Technologies LLC’s holdings in Caterpillar were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. International Assets Investment Management LLC grew its holdings in Caterpillar by 28,603.5% during the 4th 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 during the last quarter. Winslow Capital Management LLC grew its holdings 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 worth $305,168,000 after acquiring an additional 1,070,570 shares during the last quarter. FMR LLC grew its holdings in Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock worth $1,648,431,000 after acquiring an additional 781,111 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Caterpillar by 5,293.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 482,360 shares of the industrial products company’s stock worth $142,620,000 after acquiring an additional 473,416 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Caterpillar during the 3rd quarter worth about $101,872,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Caterpillar news, Director David Maclennan purchased 350 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The disclosure for this sale can be found here. Insiders sold 35,769 shares of company stock valued at $11,508,906 in the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Price Performance

NYSE CAT opened at $343.38 on Friday. The business has a 50 day simple moving average of $350.10 and a 200 day simple moving average of $300.99. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.87 and a current ratio of 1.35. The stock has a market cap of $171.48 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.53 and a beta of 1.17.

Caterpillar (NYSE:CAT) last posted 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. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Analysts anticipate that Caterpillar Inc. will post 21.44 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, April 22nd will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $5.20 annualized dividend and a dividend yield of 1.51%. Caterpillar’s dividend payout ratio is currently 23.48%.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. 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 target price on the stock. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and upped their target price for the company from $293.00 to $350.00 in a research report on Friday. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and upped their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. Finally, Oppenheimer restated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $310.83.

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.