Catalyst Financial Partners LLC Grows Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Catalyst Financial Partners LLC grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,295 shares of the industrial products company’s stock after buying an additional 63 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Caterpillar were worth $1,270,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. McIlrath & Eck LLC grew its stake in shares of Caterpillar by 4.4% in the fourth quarter. McIlrath & Eck LLC now owns 789 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 33 shares during the last quarter. Lodestar Private Asset Management LLC raised its position in shares of Caterpillar by 4.4% in the fourth quarter. Lodestar Private Asset Management LLC now owns 830 shares of the industrial products company’s stock valued at $245,000 after buying an additional 35 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in shares of Caterpillar by 1.4% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 2,616 shares of the industrial products company’s stock valued at $774,000 after buying an additional 35 shares during the period. Cornerstone Wealth Management LLC increased its stake in Caterpillar by 1.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock worth $1,037,000 after acquiring an additional 36 shares during the period. Finally, ACT Wealth Management LLC lifted its position in shares of Caterpillar by 4.3% during the 4th quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 36 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Performance

Caterpillar stock traded up $7.28 during mid-day trading on Thursday, reaching $351.78. 3,208,141 shares of the company’s stock were exchanged, compared to its average volume of 2,508,150. The business’s fifty day simple moving average is $352.87 and its 200 day simple moving average is $305.22. The firm has a market capitalization of $172.04 billion, a PE ratio of 15.92, a P/E/G ratio of 1.44 and a beta of 1.19. Caterpillar Inc. has a one year low of $205.60 and a one year high of $382.01. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $5.60 earnings per share for the quarter, beating 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 company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $16.07 billion. On average, sell-side analysts expect that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, April 22nd will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, April 19th. Caterpillar’s payout ratio is 23.48%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CAT. Truist Financial began coverage on Caterpillar in a research note on Thursday, March 14th. They issued a “buy” rating and a $390.00 price target for the company. TD Cowen upped their price objective on Caterpillar from $338.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. Wells Fargo & Company increased their target price on Caterpillar from $290.00 to $325.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Stifel Nicolaus downgraded Caterpillar from a “buy” rating to a “hold” rating and increased their target price for the company from $293.00 to $350.00 in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $323.35.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David Maclennan purchased 500 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $337.39 per share, for a total transaction of $168,695.00. Following the purchase, the director now directly owns 5,738 shares of the company’s stock, valued at approximately $1,935,943.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Caterpillar 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.