4,216 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Fiducient Advisors LLC

Fiducient Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,216 shares of the industrial products company's stock, valued at approximately $1,529,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Up 1.3 %

NYSE CAT traded up $3.68 during trading on Thursday, hitting $293.82. The stock had a trading volume of 2,716,340 shares, compared to its average volume of 2,636,779. The stock has a market capitalization of $140.42 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 1.87 and a beta of 1.21. The stock has a 50 day simple moving average of $329.84 and a 200 day simple moving average of $365.33. Caterpillar Inc. has a one year low of $267.30 and a one year 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.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 25.56%.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the sale, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAT shares. Wedbush raised shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI raised their price objective on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $300.00 to $283.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Caterpillar from $490.00 to $380.00 and set an "overweight" rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of "Hold" and a consensus target price of $361.64.

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.