Nwam LLC Boosts Stake in Caterpillar Inc. $CAT

Nwam LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 79.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,906 shares of the industrial products company’s stock after buying an additional 2,178 shares during the quarter. Nwam LLC’s holdings in Caterpillar were worth $2,450,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. increased its holdings in shares of Caterpillar by 0.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock valued at $1,534,000 after acquiring an additional 20 shares during the period. Coastwise Capital Group LLC increased its stake in Caterpillar by 1.8% in the third quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 21 shares during the period. Live Oak Private Wealth LLC raised its holdings in shares of Caterpillar by 0.7% in the third quarter. Live Oak Private Wealth LLC now owns 3,525 shares of the industrial products company’s stock valued at $1,682,000 after buying an additional 23 shares during the last quarter. Syntegra Private Wealth Group LLC grew its holdings in shares of Caterpillar by 2.4% during the third quarter. Syntegra Private Wealth Group LLC now owns 1,037 shares of the industrial products company’s stock worth $495,000 after buying an additional 24 shares during the last quarter. Finally, Coastline Trust Co increased its position in Caterpillar by 0.4% in the 3rd quarter. Coastline Trust Co now owns 6,530 shares of the industrial products company’s stock valued at $3,116,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CAT shares. JPMorgan Chase & Co. lifted their target price on Caterpillar from $730.00 to $740.00 and gave the company an “overweight” rating in a research note on Wednesday. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Robert W. Baird upped their price objective on shares of Caterpillar from $612.00 to $680.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Truist Financial reaffirmed a “buy” rating and issued a $729.00 target price (up previously from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. Finally, Evercore ISI increased their price target on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $623.10.

Insider Buying and Selling at Caterpillar

In related news, CAO William E. Schaupp sold 1,200 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $572.22, for a total value of $686,664.00. Following the sale, the chief accounting officer directly owned 1,323 shares of the company’s stock, valued at approximately $757,047.06. This represents a 47.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the transaction, the insider owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,729 shares of company stock worth $31,084,308. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $647.05 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $652.36. The company has a 50-day simple moving average of $585.21 and a 200-day simple moving average of $500.31. The company has a market capitalization of $302.81 billion, a PE ratio of 33.22, a P/E/G ratio of 2.47 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The company had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same period in the prior year, the business posted $5.17 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a $1.51 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is currently 31.01%.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.