Wealth Alliance Purchases 215 Shares of Caterpillar Inc. (NYSE:CAT)

Wealth Alliance lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,632 shares of the industrial products company’s stock after purchasing an additional 215 shares during the quarter. Wealth Alliance’s holdings in Caterpillar were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunpointe LLC lifted its position in Caterpillar by 489.6% in the 4th quarter. Sunpointe LLC now owns 5,029 shares of the industrial products company’s stock valued at $1,824,000 after acquiring an additional 4,176 shares in the last quarter. LMG Wealth Partners LLC lifted its position in Caterpillar by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 9,892 shares of the industrial products company’s stock valued at $3,588,000 after acquiring an additional 68 shares in the last quarter. Corps Capital Advisors LLC bought a new stake in Caterpillar in the 4th quarter valued at $1,830,000. Abacus Planning Group Inc. lifted its position in Caterpillar by 1.0% in the 4th quarter. Abacus Planning Group Inc. now owns 2,897 shares of the industrial products company’s stock valued at $1,051,000 after acquiring an additional 28 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its position in Caterpillar by 10.0% in the 4th quarter. Private Wealth Partners LLC now owns 1,100 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 100 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the transaction, the insider now owns 33,565 shares in the company, valued at approximately $13,714,323.35. This represents a 15.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, for a total transaction of $39,857.00. Following the purchase, the director now owns 2,953 shares in the company, valued at $1,176,977.21. The trade was a 3.51 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 18,704 shares of company stock worth $7,226,584. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Morgan Stanley cut 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. Truist Financial cut 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. Jefferies Financial Group boosted their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Evercore ISI boosted their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Down 1.2 %

Caterpillar stock opened at $348.84 on Friday. The firm has a market capitalization of $166.72 billion, a PE ratio of 15.81, a P/E/G ratio of 1.89 and a beta of 1.12. The company’s 50-day moving average is $370.18 and its 200-day moving average is $372.40. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. 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 announced 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%. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were paid 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 1.62%. Caterpillar’s dividend payout ratio (DPR) is currently 25.56%.

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.