Total Clarity Wealth Management Inc. Purchases 27 Shares of Caterpillar Inc. (NYSE:CAT)

Total Clarity Wealth Management Inc. grew its position in Caterpillar Inc. (NYSE:CAT) by 0.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,373 shares of the industrial products company’s stock after acquiring an additional 27 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Caterpillar were worth $1,586,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in Caterpillar by 39,534.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,136,667 shares of the industrial products company’s stock worth $8,356,930,000 after purchasing an additional 2,131,276 shares during the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Caterpillar by 4,018.6% in the 3rd quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock valued at $99,874,000 after buying an additional 249,155 shares during the period. Fisher Asset Management LLC grew its stake in shares of Caterpillar by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 8,952,632 shares of the industrial products company’s stock valued at $3,501,554,000 after buying an additional 205,012 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Caterpillar by 34.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 782,133 shares of the industrial products company’s stock valued at $305,908,000 after buying an additional 200,210 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Caterpillar by 106.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 317,828 shares of the industrial products company’s stock valued at $124,309,000 after purchasing an additional 163,725 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.8 %

Shares of CAT stock opened at $371.88 on Friday. The company’s fifty day simple moving average is $381.40 and its two-hundred day simple moving average is $370.82. The stock has a market capitalization of $179.54 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.40 and a quick ratio of 0.86. Caterpillar Inc. has a 1 year low of $299.93 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) 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 net margin of 16.26% and a return on equity of 59.09%. As a group, analysts anticipate that Caterpillar Inc. will post 21.71 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.52%. Caterpillar’s dividend payout ratio (DPR) is currently 26.15%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday. Truist Financial cut their price target on Caterpillar from $471.00 to $455.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. UBS Group lifted their price target on Caterpillar from $295.00 to $355.00 and gave the company a “sell” rating in a research note on Tuesday. Evercore ISI raised shares of Caterpillar from an “underperform” rating to an “in-line” rating and set a $365.00 target price on the stock in a research report on Monday, January 13th. Finally, Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $380.13.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average price of $398.57 per share, with a total value of $39,857.00. Following the completion of the transaction, the director now directly owns 2,953 shares of the company’s stock, valued at $1,176,977.21. This represents a 3.51 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 32,900 shares of company stock worth $13,111,601 in the last three months. Corporate 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.