44 Wealth Management LLC Has $2.36 Million Holdings in Caterpillar Inc. (NYSE:CAT)

44 Wealth Management LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,508 shares of the industrial products company’s stock after selling 526 shares during the quarter. 44 Wealth Management LLC’s holdings in Caterpillar were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CAT. FSM Wealth Advisors LLC increased its stake in shares of Caterpillar by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 25 shares during the last quarter. Allen Capital Group LLC increased its stake in shares of Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company’s stock valued at $1,541,000 after purchasing an additional 26 shares during the last quarter. Wagner Wealth Management LLC increased its stake in shares of Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 26 shares during the last quarter. First Bank & Trust increased its stake in shares of Caterpillar by 4.0% in the 3rd quarter. First Bank & Trust now owns 709 shares of the industrial products company’s stock valued at $277,000 after purchasing an additional 27 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of Caterpillar by 1.2% in the 3rd quarter. Washington Trust Bank now owns 2,349 shares of the industrial products company’s stock valued at $919,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT stock opened at $339.84 on Friday. The stock has a 50-day moving average price of $369.54 and a 200-day moving average price of $372.24. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The firm has a market cap of $162.42 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.12.

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

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Tuesday, January 21st were given a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, January 21st. Caterpillar’s payout ratio is 25.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. DA Davidson raised their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird lifted their target price on Caterpillar from $299.00 to $300.00 and gave the stock an “underperform” rating in a report on Thursday, October 31st. Truist Financial cut their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Citigroup lifted their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, StockNews.com raised Caterpillar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $383.80.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $398.57 per share, with a total value of $39,857.00. Following the acquisition, the director now owns 2,953 shares of the company’s stock, valued at approximately $1,176,977.21. This trade represents a 3.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony D. Fassino sold 6,279 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $408.59, for a total value of $2,565,536.61. Following the sale, the insider now directly owns 33,565 shares of the company’s stock, valued at $13,714,323.35. This represents a 15.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,704 shares of company stock valued at $7,226,584 in the last three months. Corporate insiders own 0.29% 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.