Fiducient Advisors LLC Acquires New Position in Caterpillar Inc. (NYSE:CAT)

Fiducient Advisors LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,420 shares of the industrial products company's stock, valued at approximately $716,000.

A number of other hedge funds have also recently modified their holdings of CAT. Waterway Wealth Management LLC purchased a new position in Caterpillar during the fourth quarter worth about $352,000. Farmers Trust Co. raised its holdings in Caterpillar by 2.7% during the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company's stock worth $1,328,000 after purchasing an additional 120 shares in the last quarter. Firethorn Wealth Partners LLC raised its holdings in Caterpillar by 19.4% during the fourth quarter. Firethorn Wealth Partners LLC now owns 1,825 shares of the industrial products company's stock worth $540,000 after purchasing an additional 296 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Caterpillar by 16.7% during the third quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company's stock worth $100,370,000 after acquiring an additional 52,576 shares during the last quarter. Finally, Rise Advisors LLC grew its position in shares of Caterpillar by 7.8% during the fourth quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company's stock worth $318,000 after acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE:CAT traded down $15.23 during midday trading on Tuesday, hitting $334.57. 4,189,127 shares of the stock were exchanged, compared to its average volume of 2,513,906. The stock has a market cap of $167.08 billion, a P/E ratio of 15.10, a PEG ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.41. Caterpillar Inc. has a twelve month low of $205.60 and a twelve month high of $382.01. The company has a 50 day moving average price of $351.08 and a 200-day moving average price of $302.22.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating the consensus estimate of $5.12 by $0.48. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. On average, research analysts forecast that Caterpillar Inc. will post 21.44 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar's payout ratio is 23.48%.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares of the company's stock, valued at approximately $17,774,001.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David Maclennan acquired 350 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $323.37 per share, with a total value of $113,179.50. Following the purchase, the director now directly owns 5,238 shares in the company, valued at approximately $1,693,812.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the transaction, the chief financial officer now directly owns 57,317 shares of the company's stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAT shares. Oppenheimer restated a "market perform" rating on shares of Caterpillar in a research report on Thursday, April 18th. HSBC lifted their price objective on shares of Caterpillar from $330.00 to $360.00 and gave the company a "hold" rating in a research report on Tuesday. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They issued a "buy" rating and a $390.00 price objective on the stock. Robert W. Baird lifted their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the company an "underperform" rating in a research report on Tuesday, February 6th. Finally, Evercore ISI lowered shares of Caterpillar from an "outperform" rating to an "in-line" rating and lifted their price objective for the company from $321.00 to $338.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $323.35.

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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