Tower View Wealth Management LLC Purchases 130 Shares of Caterpillar Inc. (NYSE:CAT)

Tower View Wealth Management LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,991 shares of the industrial products company’s stock after acquiring an additional 130 shares during the quarter. Caterpillar comprises about 2.9% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position. Tower View Wealth Management LLC’s holdings in Caterpillar were worth $5,438,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Capital Wealth Planning LLC raised its holdings in Caterpillar by 3.2% in the 4th quarter. Capital Wealth Planning LLC now owns 1,531,208 shares of the industrial products company’s stock worth $555,461,000 after acquiring an additional 47,689 shares during the period. Spectrum Wealth Counsel LLC raised its holdings in Caterpillar by 6,407.0% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 6,507 shares of the industrial products company’s stock worth $2,360,000 after acquiring an additional 6,407 shares during the period. Onefund LLC raised its holdings in Caterpillar by 3.3% in the 4th quarter. Onefund LLC now owns 1,316 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 42 shares during the period. Metis Global Partners LLC raised its holdings in Caterpillar by 1.4% in the 4th quarter. Metis Global Partners LLC now owns 23,592 shares of the industrial products company’s stock worth $8,558,000 after acquiring an additional 323 shares during the period. Finally, West Michigan Advisors LLC grew its position in Caterpillar by 15.9% in the 4th quarter. West Michigan Advisors LLC now owns 2,330 shares of the industrial products company’s stock worth $845,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was bought at an average cost of $398.57 per share, with a total value of $39,857.00. Following the completion of the purchase, the director now owns 2,953 shares in the company, valued at approximately $1,176,977.21. The trade was a 3.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley decreased their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $343.90 on Friday. The firm has a market cap of $164.36 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The firm’s 50-day simple moving average is $365.99 and its 200-day simple moving average is $372.95.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. As a group, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were given a $1.41 dividend. The ex-dividend date was Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.64%. Caterpillar’s dividend payout ratio (DPR) is presently 25.56%.

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.