Bison Wealth LLC Has $624,000 Stake in Caterpillar Inc. (NYSE:CAT)

Bison Wealth LLC lessened its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,720 shares of the industrial products company's stock after selling 839 shares during the quarter. Bison Wealth LLC's holdings in Caterpillar were worth $624,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. FSM Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock valued at $262,000 after buying an additional 25 shares during the last quarter. Allen Capital Group LLC lifted its position in shares of Caterpillar by 0.6% in the fourth quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after buying an additional 26 shares during the last quarter. Wagner Wealth Management LLC boosted its stake in shares of Caterpillar by 4.0% during the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after acquiring an additional 26 shares during the period. Channel Wealth LLC increased its holdings in shares of Caterpillar by 1.9% during the 4th quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock worth $533,000 after acquiring an additional 27 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. lifted its stake in shares of Caterpillar by 0.6% during 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. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $307.16 on Wednesday. The firm has a market cap of $146.80 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $418.50. The firm's fifty day moving average is $319.66 and its 200-day moving average is $359.12. 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 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 return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a $1.41 dividend. The ex-dividend date is Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.84%. Caterpillar's dividend payout ratio (DPR) is currently 25.56%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CAT. StockNews.com cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. DA Davidson decreased their price objective on shares of Caterpillar from $357.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Truist Financial decreased their price target on Caterpillar from $438.00 to $389.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $361.75.

Insider Activity

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were 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 owns 6,275 shares of the company's stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale 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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