4,660 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC purchased a new position in Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,660 shares of the industrial products company’s stock, valued at approximately $1,690,000. Caterpillar comprises 1.3% of Inman Jager Wealth Management LLC’s holdings, making the stock its 19th largest position.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Caterpillar in the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the fourth quarter valued at about $34,000. Kimelman & Baird LLC grew its position in shares of Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares in the last quarter. Albion Financial Group UT lifted its holdings in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of Caterpillar by 130.0% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 115 shares of the industrial products company’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.8 %

Caterpillar stock opened at $359.04 on Thursday. The business has a fifty day moving average price of $379.09 and a 200-day moving average price of $371.31. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The stock has a market capitalization of $173.35 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts forecast that Caterpillar Inc. will post 21.45 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.57%. Caterpillar’s dividend payout ratio is presently 25.56%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CAT shares. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $385.00 in a research note on Monday. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley decreased their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $379.50.

Insider Buying and Selling

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total transaction of $2,565,536.61. Following the completion of the transaction, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

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.