Caterpillar Inc. (NYSE:CAT) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 43.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,780 shares of the industrial products company’s stock after buying an additional 9,257 shares during the quarter. RWA Wealth Partners LLC’s holdings in Caterpillar were worth $9,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lodestar Private Asset Management LLC grew its stake in shares of Caterpillar by 4.4% during the 4th quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock worth $245,000 after purchasing an additional 35 shares during the period. Desjardins Global Asset Management Inc. grew its stake in shares of Caterpillar by 1.4% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 35 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after purchasing an additional 36 shares during the period. ACT Wealth Management LLC grew its stake in shares of Caterpillar by 4.3% during the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 36 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of Caterpillar by 2.0% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Oppenheimer reiterated a “market perform” rating on shares of Caterpillar in a research report on Thursday, April 18th. Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price on the stock. Citigroup increased their target price on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Evercore ISI lowered Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $307.56.

Caterpillar Stock Up 0.3 %

NYSE CAT opened at $358.69 on Tuesday. Caterpillar Inc. has a 52 week low of $204.04 and a 52 week high of $382.01. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. The business’s fifty day simple moving average is $347.42 and its 200-day simple moving average is $298.90. The firm has a market cap of $179.13 billion, a PE ratio of 17.76, a P/E/G ratio of 1.57 and a beta of 1.17.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $17.06 billion. During the same quarter in the previous year, the firm earned $3.86 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Caterpillar Inc. will post 21.41 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given 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 of this dividend is Friday, April 19th. Caterpillar’s payout ratio is 25.82%.

Insider Buying and Selling

In other news, Director David Maclennan bought 350 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director David Maclennan acquired 350 shares of the stock in a transaction dated Friday, February 23rd. The stock was acquired at an average cost of $323.37 per share, with a total value of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now directly owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by insiders.

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.