Alteri Wealth LLC Buys New Holdings in Caterpillar Inc. (NYSE:CAT)

Alteri Wealth LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,598 shares of the industrial products company's stock, valued at approximately $580,000.

A number of other institutional investors have also recently made changes to their positions in CAT. FSM Wealth Advisors LLC increased its position in shares of Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after acquiring an additional 25 shares during the period. Allen Capital Group LLC increased its holdings in Caterpillar by 0.6% during the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after purchasing an additional 26 shares during the period. Wagner Wealth Management LLC raised its position in Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after purchasing an additional 26 shares during the last quarter. Channel Wealth LLC lifted its holdings in Caterpillar by 1.9% in the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after buying an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. grew its position in shares of Caterpillar by 0.6% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Baird R W upgraded shares of Caterpillar from a "strong sell" rating to a "hold" rating in a research report on Thursday. Raymond James upgraded Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Robert W. Baird upgraded shares of Caterpillar from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $300.00 to $309.00 in a report on Thursday. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Oppenheimer upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 price objective on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $366.00.

Caterpillar Trading Up 3.1 %

Shares of NYSE:CAT opened at $323.74 on Friday. 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 Inc. has a 1 year low of $267.30 and a 1 year high of $418.50. The company has a market cap of $154.73 billion, a P/E ratio of 14.67, a PEG ratio of 1.87 and a beta of 1.21. The stock's fifty day moving average price is $318.18 and its 200-day moving average price is $357.78.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The company had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same quarter in the prior year, the company posted $5.60 EPS. Caterpillar's revenue was down 9.8% on a year-over-year basis. Sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be paid a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a yield of 1.74%. Caterpillar's dividend payout ratio is presently 25.56%.

Insider Activity

In related news, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 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, with a total value of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company's stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

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.

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