RWA Wealth Partners LLC Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

RWA Wealth Partners LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 125.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,151 shares of the industrial products company’s stock after acquiring an additional 36,789 shares during the period. RWA Wealth Partners LLC’s holdings in Caterpillar were worth $23,997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC acquired a new stake in Caterpillar in the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI raised their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. decreased their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. DA Davidson lifted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $383.80.

Insider Activity

In other news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the transaction, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $329.65 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The company has a market cap of $157.55 billion, a P/E ratio of 14.94, a PEG ratio of 1.87 and a beta of 1.15. The firm’s 50 day moving average price is $354.99 and its 200 day moving average price is $372.24.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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.