Trajan Wealth LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Trajan Wealth 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 & Exchange Commission. The firm acquired 13,167 shares of the industrial products company's stock, valued at approximately $4,776,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Caterpillar by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 46,809,540 shares of the industrial products company's stock valued at $16,980,629,000 after buying an additional 284,366 shares during the last quarter. Geode Capital Management LLC increased its holdings in Caterpillar by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 10,449,770 shares of the industrial products company's stock worth $3,790,841,000 after purchasing an additional 236,315 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Caterpillar by 1.4% in the fourth quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company's stock worth $3,294,505,000 after purchasing an additional 129,143 shares during the last quarter. Norges Bank purchased a new position in shares of Caterpillar during the fourth quarter valued at approximately $2,184,364,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Caterpillar by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company's stock worth $1,193,154,000 after buying an additional 61,723 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

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

Caterpillar Stock Performance

Shares of NYSE:CAT traded down $0.40 during trading on Friday, hitting $306.46. 1,260,620 shares of the company were exchanged, compared to its average volume of 2,636,540. The company has a market cap of $146.47 billion, a PE ratio of 13.89, a P/E/G 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 company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The stock has a 50 day moving average of $322.40 and a 200 day moving average of $361.21.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 21st will be issued a $1.41 dividend. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.84%. Caterpillar's payout ratio is currently 25.56%.

Analyst Ratings Changes

CAT has been the topic of several recent analyst reports. Wedbush upgraded Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Citigroup cut their price target on shares of Caterpillar from $430.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial decreased their price objective on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. UBS Group raised Caterpillar from a "sell" rating to a "neutral" rating and upped their target price for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Finally, Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Hold" and an average price target of $359.36.

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.