Wealthcare Advisory Partners LLC Buys 214 Shares of Caterpillar Inc. (NYSE:CAT)

Wealthcare Advisory Partners LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,830 shares of the industrial products company’s stock after acquiring an additional 214 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Caterpillar were worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Everpar Advisors LLC raised its stake in Caterpillar by 12.1% during the fourth quarter. Everpar Advisors LLC now owns 1,680 shares of the industrial products company’s stock worth $609,000 after acquiring an additional 181 shares in the last quarter. RDA Financial Network grew its stake in shares of Caterpillar by 5.7% during the fourth quarter. RDA Financial Network now owns 2,947 shares of the industrial products company’s stock worth $1,069,000 after purchasing an additional 158 shares during the period. First Pacific Financial raised its position in shares of Caterpillar by 128.3% in the 4th quarter. First Pacific Financial now owns 1,402 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 788 shares during the period. Goldstone Financial Group LLC boosted its position in shares of Caterpillar by 29.1% during the fourth quarter. Goldstone Financial Group LLC now owns 2,042 shares of the industrial products company’s stock worth $741,000 after purchasing an additional 460 shares in the last quarter. Finally, Channel Wealth LLC grew its stake in Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company’s stock valued at $533,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 6,279 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This trade represents a 15.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Dickinson sold 1,300 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $418.00, for a total value of $543,400.00. Following the transaction, the director now owns 4,976 shares of the company’s stock, valued at approximately $2,079,968. The trade was a 20.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,868 shares of company stock worth $9,679,489. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CAT. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the company an “underperform” rating in a research report on Thursday, October 31st. UBS Group raised their price target on shares of Caterpillar from $285.00 to $295.00 and gave the stock a “sell” rating in a research note on Monday, November 4th. Morgan Stanley cut Caterpillar from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $349.00 to $332.00 in a report on Monday, October 14th. Finally, Truist Financial lowered their target price on shares of Caterpillar from $471.00 to $455.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $380.60.

Caterpillar Stock Up 0.8 %

CAT stock opened at $383.56 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 1.40. Caterpillar Inc. has a fifty-two week low of $277.66 and a fifty-two week high of $418.50. The stock’s 50 day simple moving average is $380.24 and its 200 day simple moving average is $366.36. The company has a market cap of $185.18 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.33 by ($0.16). The business had revenue of $16.11 billion for the quarter, compared to analyst estimates of $16.37 billion. Caterpillar had a net margin of 16.26% and a return on equity of 59.09%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.52 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 21.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Tuesday, January 21st will be issued a $1.41 dividend. This represents a $5.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, January 21st. Caterpillar’s dividend payout ratio is presently 26.15%.

About Caterpillar

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.