Caterpillar Inc. (NYSE:CAT) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE raised its holdings in Caterpillar Inc. (NYSE:CAT) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,428 shares of the industrial products company’s stock after purchasing an additional 482 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Caterpillar were worth $14,023,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Partnership Wealth Management LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $26,000. Gilfoyle & Co LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar in the 4th quarter valued at $39,000. Atlantic Edge Private Wealth Management LLC purchased a new position in Caterpillar during the 4th quarter worth $40,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of Caterpillar in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

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 value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Caterpillar news, insider Lange Bob De sold 21,847 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $356.90, for a total transaction of $7,797,194.30. Following the transaction, the insider now owns 71,115 shares of the company’s stock, valued at $25,380,943.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CAT shares. Oppenheimer reissued a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. 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 note on Tuesday, April 16th. StockNews.com downgraded Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. The Goldman Sachs Group raised their target price on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Robert W. Baird upped their price target on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $323.35.

Caterpillar Price Performance

Caterpillar stock traded down $1.80 during mid-day trading on Friday, hitting $348.90. 2,635,223 shares of the company were exchanged, compared to its average volume of 2,421,341. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. Caterpillar Inc. has a 12-month low of $205.60 and a 12-month high of $382.01. The business’s 50 day simple moving average is $356.99 and its two-hundred day simple moving average is $314.38. The company has a market capitalization of $170.63 billion, a P/E ratio of 15.75, a PEG ratio of 1.80 and a beta of 1.19.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Analysts forecast that Caterpillar Inc. will post 21.81 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, April 22nd were given a dividend of $1.30 per share. The ex-dividend date was Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.49%. Caterpillar’s dividend payout ratio (DPR) is currently 23.48%.

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.