IronOak Wealth LLC. Takes $2.02 Million Position in Caterpillar Inc. (NYSE:CAT)

IronOak Wealth LLC. purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,565 shares of the industrial products company's stock, valued at approximately $2,019,000. Caterpillar makes up 2.3% of IronOak Wealth LLC.'s holdings, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. FSM Wealth Advisors LLC grew its position in Caterpillar by 3.8% during the fourth 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 period. Allen Capital Group LLC grew its position in Caterpillar by 0.6% during 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 period. Wagner Wealth Management LLC grew its position in Caterpillar by 4.0% during the fourth quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock valued at $242,000 after buying an additional 26 shares during the period. Total Clarity Wealth Management Inc. grew its position in Caterpillar by 0.6% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock valued at $1,586,000 after buying an additional 27 shares during the period. Finally, Magnolia Capital Advisors LLC grew its position in Caterpillar by 3.3% during the fourth quarter. Magnolia Capital Advisors LLC now owns 857 shares of the industrial products company's stock valued at $311,000 after buying an additional 27 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT traded up $2.24 on Thursday, reaching $351.73. The company had a trading volume of 2,290,266 shares, compared to its average volume of 2,632,152. The company has a market cap of $165.68 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The business has a 50 day simple moving average of $318.94 and a 200 day simple moving average of $351.77. 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 posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The business had revenue of $14.25 billion for the quarter, compared to analysts' expectations of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The company's revenue was down 9.8% compared to the same quarter last year. During the same period last year, the business posted $5.60 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st were paid a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is presently 27.49%.

Insiders Place Their Bets

In other news, Director David Maclennan bought 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $320.70 per share, with a total value of $120,262.50. Following the completion of the purchase, the director now directly owns 6,653 shares in the company, valued at $2,133,617.10. This represents a 5.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CAT. Truist Financial reiterated a "buy" rating and set a $396.00 target price (up previously from $389.00) on shares of Caterpillar in a research report on Thursday, May 1st. Citigroup increased their target price on shares of Caterpillar from $320.00 to $370.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Bank of America cut their price objective 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. Baird R W upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Robert W. Baird upgraded shares of Caterpillar from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $309.00 to $395.00 in a research report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $375.33.

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.