Eagle Wealth Strategies LLC Acquires Shares of 1,165 Caterpillar Inc. (NYSE:CAT)

Eagle Wealth Strategies LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,165 shares of the industrial products company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. Gilfoyle & Co LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth approximately $30,000. Fortitude Family Office LLC purchased a new position in Caterpillar during the 4th quarter worth $39,000. Authentikos Wealth Advisory LLC purchased a new position in Caterpillar during the 3rd quarter worth $41,000. Rational Advisors LLC purchased a new position in Caterpillar during the 3rd quarter worth $42,000. Finally, Milestone Investment Advisors LLC purchased a new position in Caterpillar during the 3rd quarter worth $44,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CAT. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Truist Financial began coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective on the stock. Robert W. Baird raised their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Citigroup raised their price objective on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Finally, The Goldman Sachs Group lifted their price target on Caterpillar from $357.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $316.88.

Caterpillar Stock Up 0.5 %

Shares of CAT stock opened at $345.00 on Monday. Caterpillar Inc. has a 1-year low of $205.60 and a 1-year high of $382.01. The stock’s fifty day moving average price is $350.10 and its 200 day moving average price is $301.19. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 0.83. The company has a market cap of $172.29 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, topping the consensus estimate of $5.12 by $0.48. Caterpillar had a return on equity of 58.61% and a net margin of 16.79%. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $16.07 billion. On average, research analysts expect that Caterpillar Inc. will post 21.44 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be given a dividend of $1.30 per share. The ex-dividend date is Friday, April 19th. This represents a $5.20 dividend on an annualized basis and a yield of 1.51%. Caterpillar’s dividend payout ratio is currently 23.48%.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the sale, the chief financial officer now owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,769 shares of company stock valued at $11,508,906. 0.33% of the stock is owned by company insiders.

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.