Opal Wealth Advisors LLC Purchases 115 Shares of Caterpillar Inc. (NYSE:CAT)

Opal Wealth Advisors LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,771 shares of the industrial products company’s stock after buying an additional 115 shares during the period. Opal Wealth Advisors LLC’s holdings in Caterpillar were worth $643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CAT. Nordea Investment Management AB lifted its position in shares of Caterpillar by 1.6% in the fourth quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after purchasing an additional 10,212 shares in the last quarter. West Wealth Group LLC bought a new position in shares of Caterpillar in the 4th quarter valued at about $230,000. Citizens Financial Group Inc. RI increased its position in shares of Caterpillar by 43.0% in the third quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock valued at $5,437,000 after acquiring an additional 4,181 shares during the last quarter. Cadinha & Co. LLC acquired a new position in Caterpillar during the fourth quarter valued at approximately $11,084,000. Finally, First Affirmative Financial Network bought a new position in Caterpillar in the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the transaction, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony D. Fassino sold 6,279 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $408.59, for a total value of $2,565,536.61. Following the completion of the sale, the insider now owns 33,565 shares in the company, valued at $13,714,323.35. The trade was a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Caterpillar stock opened at $363.84 on Monday. 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 Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The stock has a market capitalization of $175.66 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. The stock has a fifty day moving average of $376.59 and a 200-day moving average of $371.48.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, sell-side analysts expect that Caterpillar Inc. will post 20.05 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Tuesday, January 21st will be paid a $1.41 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.55%. Caterpillar’s dividend payout ratio is 25.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CAT shares. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Truist Financial decreased their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird upped their price objective on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research note on Thursday, October 31st. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $383.13.

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.