Caterpillar Inc. (NYSE:CAT) Shares Purchased by RKL Wealth Management LLC

RKL Wealth Management LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 186.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,460 shares of the industrial products company’s stock after purchasing an additional 2,903 shares during the quarter. RKL Wealth Management LLC’s holdings in Caterpillar were worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. M&G PLC lifted its holdings in shares of Caterpillar by 0.8% during the third quarter. M&G PLC now owns 42,988 shares of the industrial products company’s stock worth $16,808,000 after purchasing an additional 347 shares during the period. Forte Capital LLC ADV lifted its holdings in Caterpillar by 3.8% in the third quarter. Forte Capital LLC ADV now owns 1,744 shares of the industrial products company’s stock valued at $682,000 after acquiring an additional 64 shares during the period. Blake Schutter Theil Wealth Advisors LLC acquired a new position in Caterpillar in the third quarter valued at approximately $282,000. Walkner Condon Financial Advisors LLC lifted its holdings in Caterpillar by 18.6% in the third quarter. Walkner Condon Financial Advisors LLC now owns 976 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 153 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after acquiring an additional 5,371 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction on 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 acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Up 2.9 %

Shares of CAT opened at $350.97 on Friday. 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 one year low of $307.05 and a one year high of $418.50. The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.87 and a beta of 1.15. The stock has a 50 day moving average price of $363.11 and a 200 day moving average price of $372.57.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Tuesday, January 21st were issued a $1.41 dividend. This represents a $5.64 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s payout ratio is currently 25.56%.

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.