4WEALTH Advisors Inc. Purchases New Position in Caterpillar Inc. (NYSE:CAT)

4WEALTH Advisors Inc. purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,078 shares of the industrial products company's stock, valued at approximately $391,000.

Other institutional investors have also recently made changes to their positions in the company. Gallagher Fiduciary Advisors LLC grew its position in shares of Caterpillar by 22.0% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 716 shares of the industrial products company's stock valued at $260,000 after purchasing an additional 129 shares in the last quarter. Pennington Partners & CO. LLC purchased a new position in Caterpillar during the 4th quarter valued at about $223,000. South Plains Financial Inc. purchased a new stake in Caterpillar during the 4th quarter worth approximately $602,000. Blue Rock Wealth Management LLC purchased a new position in Caterpillar in the fourth quarter valued at $218,000. Finally, Keel Point LLC increased its stake in shares of Caterpillar by 3.6% during the fourth quarter. Keel Point LLC now owns 2,711 shares of the industrial products company's stock worth $983,000 after buying an additional 95 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CAT. Oppenheimer upgraded Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price for the company in a research note on Thursday. Truist Financial reiterated a "buy" rating and issued a $396.00 target price (up from $389.00) on shares of Caterpillar in a research note on Thursday. Evercore ISI increased their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a report on Wednesday, February 19th. Bank of America reduced their target price on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $366.00.

Caterpillar Trading Up 1.5 %

Shares of CAT opened at $313.94 on Friday. The stock has a fifty day moving average of $318.55 and a two-hundred day moving average of $358.22. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $418.50. The company has a market capitalization of $150.04 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). The company had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.60 EPS. As a group, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be given a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction that occurred on 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 completion of the purchase, the director now owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their position. 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.

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